Peyto Exploration & Development (PEYUF) Projected to Post Earnings on Tuesday

Peyto Exploration & Development (OTCMKTS:PEYUF) is anticipated to post its resultson Tuesday, May 12th. Analysts expect Peyto Exploration & Development to post earnings of $0.5720 per share and revenue of $289.8190 million for the quarter.

Peyto Exploration & Development Trading Up 0.1%

Shares of OTCMKTS PEYUF traded up $0.02 during midday trading on Tuesday, hitting $18.79. The company’s stock had a trading volume of 17,296 shares, compared to its average volume of 125,261. The business’s 50 day moving average is $19.21 and its two-hundred day moving average is $17.32. Peyto Exploration & Development has a 12-month low of $12.54 and a 12-month high of $21.26.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Peyto Exploration & Development in a report on Friday, February 20th. TD Cowen downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Scotiabank reiterated an “outperform” rating on shares of Peyto Exploration & Development in a report on Wednesday, January 21st. TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce upgraded Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.