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

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company.

Several research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Peyto Exploration & Development in a report on Friday. TD Cowen lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research report on Friday. Scotiabank reaffirmed an “outperform” rating on shares of Peyto Exploration & Development in a research note on Wednesday, January 21st. Desjardins upgraded Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Finally, TD Securities cut shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at $18.95 on Friday. The firm has a fifty day simple moving average of $17.28 and a two-hundred day simple moving average of $15.35. Peyto Exploration & Development has a twelve month low of $10.14 and a twelve month high of $19.86.

Peyto Exploration & Development Cuts Dividend

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

About Peyto Exploration & Development

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.