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

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) has earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

A number of analysts have weighed in on PEYUF shares. TD Securities reaffirmed a “buy” rating on shares of Peyto Exploration & Development in a research note on Thursday, December 4th. Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating in a report on Monday, November 24th.

Peyto Exploration & Development Trading Down 2.9%

PEYUF stock opened at $15.98 on Friday. The company has a 50 day simple moving average of $15.81 and a 200 day simple moving average of $14.50. Peyto Exploration & Development has a 1 year low of $10.00 and a 1 year high of $17.43.

Peyto Exploration & Development Cuts Dividend

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