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

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) has earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings 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 analysts recently commented on PEYUF shares. Desjardins upgraded Peyto Exploration & Development from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Scotiabank reiterated an “outperform” rating on shares of Peyto Exploration & Development in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce raised shares of Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Peyto Exploration & Development in a research report on Friday. Finally, TD Cowen lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research note on Friday.

Peyto Exploration & Development Stock Down 3.0%

PEYUF opened at $18.95 on Friday. Peyto Exploration & Development has a one year low of $10.14 and a one year high of $19.86. The business has a 50 day simple moving average of $17.28 and a two-hundred day simple moving average of $15.35.

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 given a dividend of $0.0784 per share. This represents a yield of 604.0%. The ex-dividend date of this dividend was Friday, November 28th. Peyto Exploration & Development’s payout ratio is presently 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.