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

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company.

Several research firms recently commented on PEYUF. Desjardins upgraded Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. TD Securities restated a “buy” rating on shares of Peyto Exploration & Development in a report on Thursday, December 4th. CIBC upgraded shares of Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 15th. Finally, Scotiabank restated an “outperform” rating on shares of Peyto Exploration & Development in a report on Wednesday, January 21st.

Peyto Exploration & Development Stock Performance

OTCMKTS:PEYUF opened at $18.02 on Wednesday. The stock’s fifty day moving average price is $16.49 and its two-hundred day moving average price is $14.85. Peyto Exploration & Development has a 1 year low of $10.00 and a 1 year high of $18.80.

Peyto Exploration & Development Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.0784 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 604.0%. Peyto Exploration & Development’s dividend payout ratio is 74.96%.

Peyto Exploration & Development Company Profile

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.