Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Short Interest Update

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF – Get Rating) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,916,600 shares, a drop of 23.7% from the March 15th total of 3,822,800 shares. Based on an average daily trading volume, of 174,900 shares, the days-to-cover ratio is currently 16.7 days.

Shares of PEYUF stock traded up $0.49 on Tuesday, hitting $11.82. The stock had a trading volume of 140,669 shares, compared to its average volume of 62,783. The business has a 50 day moving average price of $9.27 and a 200 day moving average price of $8.40. Peyto Exploration & Development has a one year low of $3.97 and a one year high of $11.96.

The business also recently declared a dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were given a $0.039 dividend. This represents a yield of 5.17%. The ex-dividend date was Wednesday, March 30th.

A number of analysts recently issued reports on the company. TD Securities raised their price target on Peyto Exploration & Development from C$14.00 to C$14.50 in a research report on Friday, February 18th. Scotiabank lifted their target price on Peyto Exploration & Development from C$21.00 to C$23.00 in a research report on Monday. Stifel Nicolaus lifted their target price on Peyto Exploration & Development from C$16.50 to C$17.00 in a research report on Thursday, March 10th. CIBC lifted their target price on Peyto Exploration & Development from C$14.50 to C$15.50 in a research report on Thursday, April 14th. Finally, National Bank Financial lifted their target price on Peyto Exploration & Development from C$15.50 to C$18.00 in a research report on Thursday, April 14th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Peyto Exploration & Development currently has an average rating of “Buy” and a consensus price target of $15.00.

About Peyto Exploration & Development (Get Rating)

Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. As of December 31, 2021, it had a total proved plus probable reserves of 904 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

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