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

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

PEYUF has been the topic of several recent research reports. TD Securities reaffirmed a “buy” rating on shares of Peyto Exploration & Development in a research note on Thursday, December 4th. Desjardins upgraded shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating in a report on Monday, November 24th.

Peyto Exploration & Development Trading Down 2.8%

PEYUF stock opened at $15.29 on Friday. Peyto Exploration & Development has a fifty-two week low of $10.00 and a fifty-two week high of $17.43. The business’s 50 day moving average price is $15.84 and its two-hundred day moving average price is $14.51.

Peyto Exploration & Development Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.0784 dividend. This represents a yield of 604.0%. The ex-dividend date was Friday, November 28th. Peyto Exploration & Development’s dividend payout ratio is 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.