Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF – Get Free Report) 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 trading hands.
Analysts Set New Price Targets
Several research firms have recently weighed in on PEYUF. TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating in a report on Friday, February 20th. TD Cowen downgraded 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, Scotiabank reissued an “outperform” rating on shares of Peyto Exploration & Development in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
View Our Latest Analysis on PEYUF
Peyto Exploration & Development Trading Up 1.5%
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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