Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Separately, TD Securities reaffirmed a “buy” rating on shares of Peyto Exploration & Development in a research note on Friday.

Peyto Exploration & Development Trading Up 4.8%

Shares of OTCMKTS:PEYUF traded up $0.71 during midday trading on Friday, reaching $15.50. The company had a trading volume of 36,606 shares, compared to its average volume of 86,415. The company has a fifty day simple moving average of $13.90 and a two-hundred day simple moving average of $13.88. Peyto Exploration & Development has a 1-year low of $10.00 and a 1-year high of $15.95.

Peyto Exploration & Development Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.0797 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a yield of 730.0%. Peyto Exploration & Development’s dividend payout ratio is presently 74.96%.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.