Peyto Exploration & Development (OTCMKTS:PEYUF) Shares Up 2.2% – What’s Next?

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) shares shot up 2.2% on Monday . The company traded as high as $18.53 and last traded at $18.45. 56,387 shares were traded during trading, a decline of 53% from the average session volume of 120,912 shares. The stock had previously closed at $18.0610.

Analysts Set New Price Targets

A number of research firms have weighed in on PEYUF. TD Securities lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Peyto Exploration & Development in a report on Friday, February 20th. Finally, TD Cowen lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Peyto Exploration & Development Price Performance

The stock’s 50-day moving average price is $18.59 and its 200-day moving average price is $18.07.

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.