Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

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

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

Peyto Exploration & Development Stock Performance

Peyto Exploration & Development stock opened at $17.00 on Tuesday. The business has a fifty day moving average of $17.48 and a two-hundred day moving average of $18.20. Peyto Exploration & Development has a twelve month low of $14.63 and a twelve 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.