Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

PEYUF has been the topic of several analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Peyto Exploration & Development in a report on Thursday, May 15th. National Bankshares restated an “outperform” rating on shares of Peyto Exploration & Development in a research report on Wednesday, May 14th. Raymond James Financial lowered Peyto Exploration & Development to a “market perform” rating in a research note on Wednesday, May 14th. TD Securities reaffirmed a “buy” rating on shares of Peyto Exploration & Development in a research note on Wednesday, May 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Peyto Exploration & Development in a research note on Wednesday, May 14th.

Peyto Exploration & Development Price Performance

PEYUF stock opened at $14.08 on Monday. Peyto Exploration & Development has a 1-year low of $7.88 and a 1-year high of $15.95. The business’s 50 day simple moving average is $14.08 and its 200 day simple moving average is $12.57.

Peyto Exploration & Development Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a $0.0809 dividend. The ex-dividend date was Monday, June 30th. This is a boost from Peyto Exploration & Development’s previous dividend of $0.08. This represents a dividend yield of 6.53%. Peyto Exploration & Development’s payout ratio is 74.96%.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.