Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF – Get Free Report) have been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.
A number of equities research analysts recently commented on PEYUF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Peyto Exploration & Development in a research note on Friday. TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday. Canadian Imperial Bank of Commerce upgraded Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 15th. Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Finally, Scotiabank reissued an “outperform” rating on shares of Peyto Exploration & Development in a research note on Wednesday, January 21st.
Check Out Our Latest Research Report on PEYUF
Peyto Exploration & Development Stock Down 0.1%
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.
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