Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Separately, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Peyto Exploration & Development in a research report on Friday.

Peyto Exploration & Development Stock Up 0.1%

Shares of PEYUF traded up $0.02 during midday trading on Friday, reaching $17.05. 15,551 shares of the stock were exchanged, compared to its average volume of 112,293. Peyto Exploration & Development has a twelve month low of $13.32 and a twelve month high of $21.26. The business’s 50-day moving average price is $17.56 and its 200 day moving average price is $17.98.

About Peyto Exploration & Development

Peyto Exploration & Development Corp. is a Canadian energy company engaged in the exploration, development, production, and processing of natural gas and natural gas liquids. The company’s operations are concentrated in Alberta’s Deep Basin, part of the Western Canadian Sedimentary Basin.

Peyto develops natural gas reserves through drilling and completion programs and operates related gathering, processing, and transportation infrastructure. Its production includes marketable natural gas, natural gas liquids, and condensate, which are sold to customers through Western Canadian energy markets.

Founded in 1998, Peyto has built an integrated operating model that combines resource development with company-owned processing and infrastructure.