Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Given Average Rating of “Moderate Buy” by Analysts

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

PEYUF has been the subject of a number of research reports. Desjardins upgraded shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. TD Securities reaffirmed a “buy” rating on shares of Peyto Exploration & Development in a research note on Thursday, December 4th.

Peyto Exploration & Development Trading Up 1.3%

Shares of OTCMKTS PEYUF opened at $15.69 on Friday. Peyto Exploration & Development has a 52 week low of $10.00 and a 52 week high of $17.43. The firm has a 50-day moving average price of $15.89 and a 200 day moving average price of $14.53.

Peyto Exploration & Development Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.0784 per share. This represents a dividend yield of 604.0%. The ex-dividend date of this dividend was Friday, November 28th. Peyto Exploration & Development’s payout ratio is 74.96%.

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.