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

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

A number of research firms have commented on PEYUF. Scotiabank restated an “outperform” rating on shares of Peyto Exploration & Development in a report on Wednesday, January 21st. Desjardins upgraded Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. TD Securities reaffirmed a “buy” rating on shares of Peyto Exploration & Development in a research report on Thursday, December 4th. Finally, CIBC upgraded Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a report on Thursday, January 15th.

Peyto Exploration & Development Stock Up 3.6%

Shares of PEYUF stock opened at $18.20 on Wednesday. The firm has a 50 day moving average of $16.58 and a 200-day moving average of $14.91. Peyto Exploration & Development has a 52 week low of $10.14 and a 52 week high of $18.80.

Peyto Exploration & Development Cuts Dividend

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