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

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

A number of equities research analysts have commented on PEYUF shares. TD Cowen cut Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday, February 20th. TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Scotiabank reiterated an “outperform” rating on shares of Peyto Exploration & Development in a report on Wednesday, January 21st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Peyto Exploration & Development in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce upgraded Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a report on Thursday, January 15th.

Peyto Exploration & Development Price Performance

Shares of OTCMKTS PEYUF opened at $18.43 on Monday. Peyto Exploration & Development has a 52 week low of $11.48 and a 52 week high of $21.26. The company’s 50-day moving average price is $19.37 and its 200 day moving average price is $16.87.

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.