Peyto Exploration & Development (OTCMKTS:PEYUF) Downgraded by Raymond James to “Market Perform”

Raymond James lowered shares of Peyto Exploration & Development (OTCMKTS:PEYUF – Get Rating) from an outperform rating to a market perform rating in a research report released on Monday, The Fly reports.

Other equities research analysts also recently issued research reports about the stock. Scotiabank lifted their target price on shares of Peyto Exploration & Development from C$25.00 to C$26.00 in a research report on Thursday, October 13th. BMO Capital Markets lifted their target price on shares of Peyto Exploration & Development from C$14.00 to C$16.00 in a research report on Friday, November 11th. National Bank Financial boosted their price objective on shares of Peyto Exploration & Development from C$17.00 to C$18.50 in a research report on Wednesday, January 11th. Finally, Stifel Nicolaus assumed coverage on shares of Peyto Exploration & Development in a research report on Thursday, January 12th. They set a buy rating for the company.

Peyto Exploration & Development Stock Performance

Shares of OTCMKTS PEYUF opened at $10.03 on Monday. Peyto Exploration & Development has a twelve month low of $6.90 and a twelve month high of $14.27. The company has a 50 day moving average of $10.24 and a 200 day moving average of $9.64.

Peyto Exploration & Development Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a dividend of $0.0367 per share. This represents a dividend yield of 4.57%. The ex-dividend date of this dividend was Thursday, December 29th.

Peyto Exploration & Development Company Profile

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Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas. Its operations include deep basin, field activity, marketing, and reserves. The company was founded by Richard F. Braund and Donald T. Gray in 1998 and is headquartered in Calgary, Canada.