Peyto Exploration & Development (TSE:PEY) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Peyto Exploration & Development Corp. (TSE:PEY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.15 and traded as high as C$20.80. Peyto Exploration & Development shares last traded at C$20.65, with a volume of 798,886 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. TD Securities raised their target price on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. ATB Capital upped their price objective on Peyto Exploration & Development from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. CIBC raised their price objective on Peyto Exploration & Development from C$17.50 to C$19.25 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. Canaccord Genuity Group cut Peyto Exploration & Development from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, National Bankshares increased their target price on shares of Peyto Exploration & Development from C$18.00 to C$24.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.92.

Peyto Exploration & Development Stock Performance

The business’s 50 day simple moving average is C$18.43 and its two-hundred day simple moving average is C$17.15. The firm has a market capitalization of C$4.10 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96.

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.