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

Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) have been given a consensus rating of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several equities analysts have recently weighed in on PEYUF shares. TD Cowen cut Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Scotiabank restated an “outperform” rating on shares of Peyto Exploration & Development in a report on Wednesday, January 21st. Royal Bank Of Canada restated a “sector perform” rating on shares of Peyto Exploration & Development in a report on Friday, February 20th. TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce upgraded Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a report on Thursday, January 15th.

Peyto Exploration & Development Stock Performance

Shares of OTCMKTS PEYUF opened at $19.17 on Friday. The business has a 50-day moving average of $19.15 and a 200-day moving average of $17.59. Peyto Exploration & Development has a fifty-two week low of $12.98 and a fifty-two week high of $21.26.

Peyto Exploration & Development Company Profile

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.