Peyto Exploration & Development Corp. (OTCMKTS:PEYUF – Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.14 and traded as high as $19.5910. Peyto Exploration & Development shares last traded at $19.46, with a volume of 68,804 shares changing hands.
Analyst Ratings Changes
PEYUF has been the topic of a number of research analyst reports. TD Cowen downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Scotiabank restated an “outperform” rating on shares of Peyto Exploration & Development in a research note on Wednesday, January 21st. TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Peyto Exploration & Development in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Get Our Latest Research Report on PEYUF
Peyto Exploration & Development Price Performance
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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