Peyto Exploration & Development (TSE:PEY) Price Target Raised to C$17.50

Peyto Exploration & Development (TSE:PEY) had its price objective raised by BMO Capital Markets from C$16.50 to C$17.50 in a research report released on Friday morning,BayStreet.CA reports.

PEY has been the topic of a number of other reports. Atlantic Securities lifted their price target on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Monday, October 7th. TD Securities cut their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, National Bankshares boosted their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$17.70.

Peyto Exploration & Development Stock Down 0.9 %

Peyto Exploration & Development stock opened at C$16.19 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. Peyto Exploration & Development has a 52 week low of C$11.89 and a 52 week high of C$17.27. The business’s 50-day moving average price is C$15.82 and its 200 day moving average price is C$15.09. The firm has a market cap of C$3.17 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 8.15%. Peyto Exploration & Development’s payout ratio is currently 85.16%.

Insider Activity

In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 3,831 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$14.80, for a total transaction of C$56,698.80. Also, Senior Officer Derick Nathan Czember sold 11,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$16.40, for a total transaction of C$180,400.00. Over the last quarter, insiders bought 7,935 shares of company stock valued at $123,203 and sold 199,995 shares valued at $3,239,574. Corporate insiders own 2.36% of the company’s stock.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.