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

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

Several research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Peyto Exploration & Development in a research report on Friday, February 20th. Scotiabank reiterated an “outperform” rating on shares of Peyto Exploration & Development in a research note on Wednesday, January 21st. Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating in a report on Monday, November 24th. TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce raised Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 15th.

Peyto Exploration & Development Stock Performance

OTCMKTS:PEYUF opened at $19.18 on Friday. The company has a fifty day moving average of $17.50 and a two-hundred day moving average of $15.48. Peyto Exploration & Development has a fifty-two week low of $10.14 and a fifty-two week high of $19.86.

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.