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

Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Several research analysts have weighed in on PEYUF shares. TD Securities reaffirmed a “buy” rating on shares of Peyto Exploration & Development in a research note on Thursday. Desjardins upgraded shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating in a report on Monday, November 24th.

Peyto Exploration & Development Trading Down 0.9%

OTCMKTS PEYUF opened at $16.59 on Tuesday. The stock has a fifty day simple moving average of $14.77 and a 200-day simple moving average of $14.19. Peyto Exploration & Development has a twelve month low of $10.00 and a twelve month high of $17.13.

Peyto Exploration & Development Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.0784 per share. The ex-dividend date is Friday, November 28th. This represents a yield of 604.0%. Peyto Exploration & Development’s dividend 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.