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

Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) have received an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

Several analysts recently commented on PEYUF shares. TD Cowen cut Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Scotiabank reissued an “outperform” rating on shares of Peyto Exploration & Development in a research note on Wednesday, January 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Peyto Exploration & Development in a report on Friday, February 20th. Desjardins upgraded shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Finally, Canadian Imperial Bank of Commerce raised shares of Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 15th.

Peyto Exploration & Development Trading Down 0.3%

Shares of PEYUF stock opened at $20.71 on Thursday. The business’s 50 day moving average is $18.77 and its two-hundred day moving average is $16.23. Peyto Exploration & Development has a 12-month low of $10.37 and a 12-month high of $21.26.

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.