Peyto Exploration & Development Corp. (PEYUF) – What Are Investment Firms Saying About This Stock?

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Separately, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Peyto Exploration & Development in a research note on Friday, October 9th.

Peyto Exploration & Development Stock Performance

Shares of OTCMKTS:PEYUF opened at $17.79 on Tuesday. The firm has a 50 day moving average of $17.54 and a 200-day moving average of $18.19. Peyto Exploration & Development has a 12 month low of $14.40 and a 12 month high of $21.26.

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.

Founded in 1998, Peyto has built its business around developing long-life natural gas resources in western Canada.