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

Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Separately, TD Securities restated a “buy” rating on shares of Peyto Exploration & Development in a report on Friday.

Peyto Exploration & Development Stock Up 4.8%

PEYUF traded up $0.71 on Friday, hitting $15.50. 36,606 shares of the company traded hands, compared to its average volume of 86,415. The company has a 50 day moving average of $13.90 and a 200-day moving average of $13.88. Peyto Exploration & Development has a 12-month low of $10.00 and a 12-month high of $15.95.

Peyto Exploration & Development Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.0797 dividend. The ex-dividend date was Monday, September 29th. This represents a yield of 730.0%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 74.96%.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.