Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF – Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.14 and traded as high as $19.5910. Peyto Exploration & Development shares last traded at $19.46, with a volume of 68,804 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on PEYUF shares. TD Securities lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Peyto Exploration & Development in a research report on Friday, February 20th. TD Cowen lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Peyto Exploration & Development in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Peyto Exploration & Development
Peyto Exploration & Development Stock Up 1.5%
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.
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