Peyto Exploration & Development (OTCMKTS:PEYUF) Trading 1.1% Higher – Still a Buy?

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF)’s stock price rose 1.1% during trading on Wednesday . The stock traded as high as $19.58 and last traded at $19.45. Approximately 81,191 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 130,765 shares. The stock had previously closed at $19.24.

Analyst Upgrades and Downgrades

PEYUF has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce raised Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 15th. TD Securities reissued a “buy” rating on shares of Peyto Exploration & Development in a research report on Thursday, December 4th. Scotiabank reiterated an “outperform” rating on shares of Peyto Exploration & Development in a research note on Wednesday, January 21st. Finally, Desjardins upgraded Peyto Exploration & Development from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy”.

Peyto Exploration & Development Stock Up 1.1%

The business’s fifty day moving average is $17.18 and its 200 day moving average is $15.28.

Peyto Exploration & Development Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.0784 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 604.0%. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 74.96%.

Peyto Exploration & Development Company Profile

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.