Peyto Exploration & Development (OTCMKTS:PEYUF) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $17.43 and traded as high as $17.73. Peyto Exploration & Development shares last traded at $17.6980, with a volume of 35,700 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Peyto Exploration & Development in a report on Friday, October 9th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Peyto Exploration & Development Stock Performance

The company has a 50-day moving average of $17.41 and a 200-day moving average of $18.20.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp. is a Canadian energy company focused on the exploration, development and production of natural gas and natural gas liquids. The company also owns and operates related gathering, processing and transportation infrastructure used to move its production to market. Peyto’s operations are concentrated in Alberta’s Deep Basin, part of the Western Canada Sedimentary Basin. Its activities include drilling and completing wells, developing natural gas reserves and managing an integrated network of field facilities and processing assets.