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

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Separately, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Peyto Exploration & Development in a report on Friday.

Peyto Exploration & Development Price Performance

OTCMKTS:PEYUF traded up $0.02 during mid-day trading on Friday, hitting $17.05. 15,551 shares of the company’s stock traded hands, compared to its average volume of 112,293. The firm has a 50 day moving average of $17.56 and a two-hundred day moving average of $17.98. Peyto Exploration & Development has a 12 month low of $13.32 and a 12 month high of $21.26.

About Peyto Exploration & Development

Peyto Exploration & Development Corp. is a Canadian energy company engaged in the exploration, development, production, and processing of natural gas and natural gas liquids. The company’s operations are concentrated in Alberta’s Deep Basin, part of the Western Canadian Sedimentary Basin.

Peyto develops natural gas reserves through drilling and completion programs and operates related gathering, processing, and transportation infrastructure. Its production includes marketable natural gas, natural gas liquids, and condensate, which are sold to customers through Western Canadian energy markets.

Founded in 1998, Peyto has built an integrated operating model that combines resource development with company-owned processing and infrastructure.