Peyto Exploration & Development (OTCMKTS:PEYUF) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Peyto Exploration & Development Corp. (OTCMKTS:PEYUFGet Free Report)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $18.44 and traded as low as $16.97. Peyto Exploration & Development shares last traded at $17.27, with a volume of 73,106 shares traded.

Wall Street Analysts Forecast Growth

PEYUF has been the topic of several research analyst reports. TD Cowen cut shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. TD Securities lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada reissued 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. Based on data from MarketBeat.com, Peyto Exploration & Development has an average rating of “Moderate Buy”.

Check Out Our Latest Report on PEYUF

Peyto Exploration & Development Stock Down 0.9%

The stock has a 50 day moving average price of $18.44 and a 200-day moving average price of $18.18.

Peyto Exploration & Development Company Profile

(Get Free Report)

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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