Peyto Exploration & Development (PEYUF) to Release Earnings on Tuesday

Peyto Exploration & Development (OTCMKTS:PEYUF) is expected to be releasing its earnings data before the market opens on Tuesday, August 12th. Analysts expect Peyto Exploration & Development to post earnings of $0.38 per share and revenue of $235.38 million for the quarter.

Peyto Exploration & Development Price Performance

OTCMKTS:PEYUF opened at $13.74 on Friday. The company’s 50-day simple moving average is $14.20 and its 200 day simple moving average is $12.84. Peyto Exploration & Development has a one year low of $9.55 and a one year high of $15.95.

Peyto Exploration & Development Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.0802 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a yield of 689.0%. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 74.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PEYUF shares. National Bankshares restated an “outperform” rating on shares of Peyto Exploration & Development in a research report on Wednesday, May 14th. Scotiabank reaffirmed an “outperform” rating on shares of Peyto Exploration & Development in a research note on Friday, July 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Peyto Exploration & Development in a research note on Thursday, May 15th. Raymond James Financial downgraded Peyto Exploration & Development to a “market perform” rating in a research note on Wednesday, May 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Peyto Exploration & Development in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Peyto Exploration & Development Company Profile

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.