Peyto Exploration & Development Corp. (PEYUF) – What Are Brokerages Thinking About This Stock?

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Separately, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Peyto Exploration & Development in a report on Friday, October 9th.

Peyto Exploration & Development Stock Performance

OTCMKTS PEYUF opened at $17.61 on Friday. The business has a 50 day simple moving average of $17.50 and a two-hundred day simple moving average of $17.88. Peyto Exploration & Development has a 1-year low of $13.38 and a 1-year high of $21.26.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp. is a Canadian energy company focused on the exploration, development, production, and marketing of natural gas and associated hydrocarbon liquids. Its product mix includes natural gas, natural gas liquids, and condensate, which it sells to customers in energy and industrial markets.

The company’s operations are concentrated in Alberta’s Deep Basin, where it develops unconventional and conventional hydrocarbon resources. Peyto owns and operates gathering systems, processing facilities, and other infrastructure that support the production and delivery of its resources, helping it manage activities from field development through marketing.

Founded in 1998, Peyto has historically emphasized the development of a large, contiguous land base in west-central Alberta and the use of drilling, completion, and infrastructure-management expertise to expand production.