Peyto Exploration & Development Corp. (OTCMKTS:PEYUF – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.
A number of equities research analysts have weighed in on the company. Canadian Imperial Bank of Commerce upgraded Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 15th. TD Cowen lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research 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. Scotiabank restated an “outperform” rating on shares of Peyto Exploration & Development in a research report on Wednesday, January 21st. Finally, TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research report on Friday, February 20th.
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Peyto Exploration & Development Stock Up 0.5%
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.
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