Peyto Exploration & Development (PEYUF) Projected to Post Earnings on Tuesday

Peyto Exploration & Development (OTCMKTS:PEYUF) is anticipated to post its resultson Tuesday, May 12th. Analysts expect Peyto Exploration & Development to post earnings of $0.5720 per share and revenue of $289.8190 million for the quarter.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock traded up $0.02 during midday trading on Tuesday, reaching $18.79. 17,296 shares of the stock traded hands, compared to its average volume of 125,261. The stock’s fifty day moving average is $19.21 and its 200-day moving average is $17.32. Peyto Exploration & Development has a 12 month low of $12.54 and a 12 month high of $21.26.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TD Cowen lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Canadian Imperial Bank of Commerce raised Peyto Exploration & Development from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Peyto Exploration & Development in a research note on Friday, February 20th. TD Securities lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Scotiabank reissued an “outperform” rating on shares of Peyto Exploration & Development in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Peyto Exploration & Development presently has an average rating of “Moderate Buy”.

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.