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

Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company.

A number of research analysts recently commented on PEYUF shares. Desjardins raised shares of 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 research note on Thursday.

Peyto Exploration & Development Trading Down 0.9%

Shares of Peyto Exploration & Development stock opened at $16.59 on Tuesday. Peyto Exploration & Development has a 52 week low of $10.00 and a 52 week high of $17.13. The firm’s 50 day moving average is $14.77 and its two-hundred day moving average is $14.19.

Peyto Exploration & Development Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.0784 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 604.0%. Peyto Exploration & Development’s dividend payout ratio is 74.96%.

Peyto Exploration & Development Company Profile

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.