Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF – Get Free Report) traded up 2.2% on Monday . The stock traded as high as $18.53 and last traded at $18.45. 56,387 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 120,912 shares. The stock had previously closed at $18.0610.
Wall Street Analysts Forecast Growth
PEYUF has been the subject of several recent analyst reports. TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. TD Cowen lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Peyto Exploration & Development in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on Peyto Exploration & Development
Peyto Exploration & Development Stock Up 2.2%
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.
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