Peyto Exploration & Development (OTCMKTS:PEYUF) Price Target Raised to C$18.00 at National Bank Financial

Peyto Exploration & Development (OTCMKTS:PEYUF – Get Rating) had its target price boosted by National Bank Financial from C$15.50 to C$18.00 in a report issued on Thursday morning, The Fly reports.

A number of other research analysts have also commented on the stock. Stifel Nicolaus boosted their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.00 in a research report on Thursday, March 10th. Scotiabank lifted their price objective on shares of Peyto Exploration & Development from C$17.00 to C$18.00 in a report on Thursday, January 13th. Finally, TD Securities raised their price target on Peyto Exploration & Development from C$14.00 to C$14.50 in a research report on Friday, February 18th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and an average target price of $14.50.

PEYUF opened at $11.33 on Thursday. The company has a fifty day moving average price of $9.12 and a 200-day moving average price of $8.33. Peyto Exploration & Development has a one year low of $3.97 and a one year high of $11.76.

The business also recently disclosed a dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were paid a dividend of $0.039 per share. This represents a dividend yield of 5.17%. The ex-dividend date was Wednesday, March 30th.

About Peyto Exploration & Development (Get Rating)

Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. As of December 31, 2021, it had a total proved plus probable reserves of 904 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

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