Peyto Exploration & Development (TSE:PEY) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Peyto Exploration & Development (TSE:PEY) crossed above its 200‑day moving average of C$22.90, trading as high as C$27.76 and last at C$27.18 on volume of 1,607,720 shares.
• Analysts have issued mixed revisions—several price-target increases and rating changes—but the consensus is a Moderate Buy with an average target of C$24.55, which is below the current share price.
• Key fundamentals: market capitalization of C$5.53 billion, P/E of 13.19, 50‑day moving average C$26.36, and a debt‑to‑equity ratio of 41.44.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$22.90 and traded as high as C$27.76. Peyto Exploration & Development shares last traded at C$27.18, with a volume of 1,607,720 shares trading hands.

Analysts Set New Price Targets

PEY has been the topic of several research reports. TD Securities lowered shares of Peyto Exploration & Development from a "buy" rating to a "hold" rating and set a C$25.00 price objective on the stock. in a report on Friday, February 20th. Royal Bank Of Canada raised their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a "sector perform" rating in a research note on Friday, February 20th. Desjardins boosted their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a "buy" rating in a research report on Thursday, March 12th. Scotiabank upped their price target on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce upgraded Peyto Exploration & Development from a "hold" rating to an "outperform" rating and increased their price target for the stock from C$21.00 to C$25.00 in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$24.55.

Peyto Exploration & Development Stock Performance

The company has a 50-day moving average of C$26.36 and a 200-day moving average of C$22.90. The company has a market cap of C$5.53 billion, a PE ratio of 13.19, a PEG ratio of -0.46 and a beta of -0.20. The company has a quick ratio of 0.32, a current ratio of 0.98 and a debt-to-equity ratio of 41.44.

About Peyto Exploration & Development

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.

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