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

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) has received an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several analysts have weighed in on PEYUF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Peyto Exploration & Development in a research note on Friday, February 20th. TD Cowen cut Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Scotiabank reissued an “outperform” rating on shares of Peyto Exploration & Development in a report on Wednesday, January 21st. Desjardins upgraded shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Finally, TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday, February 20th.

Peyto Exploration & Development Stock Down 1.9%

PEYUF opened at $20.46 on Thursday. The business’s 50 day moving average is $18.57 and its 200-day moving average is $16.13. Peyto Exploration & Development has a twelve month low of $10.37 and a twelve month high of $21.26.

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.