Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) have been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company.

PEYUF has been the topic of a number of research reports. TD Cowen cut Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday, February 20th. TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Scotiabank reissued an “outperform” rating on shares of Peyto Exploration & Development in a report on Wednesday, January 21st. Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 15th.

Peyto Exploration & Development Stock Performance

Shares of PEYUF opened at $19.39 on Friday. Peyto Exploration & Development has a twelve month low of $10.14 and a twelve month high of $19.86. The firm’s 50-day moving average is $17.57 and its two-hundred day moving average is $15.53.

About Peyto Exploration & Development

Peyto Exploration & Development Corp. is a Calgary-based Canadian energy company engaged in the exploration, development and production of natural gas and natural gas liquids. The company focuses on exploiting liquids-rich natural gas opportunities in the Deep Basin and Brazeau areas of west central Alberta. Peyto’s integrated business model encompasses land acquisition, well planning, drilling, completion and production operations, supported by in-house technical, engineering and operations teams.

Since its incorporation in 1998, Peyto has concentrated its activities entirely within Alberta’s prolific Montney, Falher and Notikewin formations.