TD Cowen Downgrades Peyto Exploration & Development (OTCMKTS:PEYUF) to Hold

Peyto Exploration & Development (OTCMKTS:PEYUF) was downgraded by TD Cowen from a “buy” rating to a “hold” rating in a report released on Friday.

PEYUF has been the topic of several other reports. Canadian Imperial Bank of Commerce upgraded shares of Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a report on Thursday, January 15th. TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research report on Friday. Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Finally, Scotiabank reiterated an “outperform” rating on shares of Peyto Exploration & Development in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Peyto Exploration & Development Stock Up 0.4%

Shares of OTCMKTS PEYUF opened at $19.53 on Friday. Peyto Exploration & Development has a 12-month low of $10.14 and a 12-month high of $19.86. The firm’s 50-day moving average is $17.23 and its two-hundred day moving average is $15.31.

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.