Peyto Exploration & Development Corp. (TSE:PEY) Receives C$17.70 Consensus PT from Analysts

Peyto Exploration & Development Corp. (TSE:PEY) has earned an average recommendation of “Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$17.70.

Several research firms recently issued reports on PEY. BMO Capital Markets increased their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday. National Bankshares increased their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. TD Securities dropped their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, Atlantic Securities increased their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, October 7th.

Insider Activity

In other news, Director Jean-Paul Henri Lachance sold 16,600 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$15.10, for a total transaction of C$250,660.00. Also, Senior Officer Tavis Aaron Carlson sold 21,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$15.57, for a total transaction of C$326,900.70. Over the last three months, insiders have purchased 11,235 shares of company stock valued at $175,673 and have sold 200,961 shares valued at $3,258,783. 2.36% of the stock is owned by insiders.

Peyto Exploration & Development Stock Down 1.8 %

Shares of PEY opened at C$15.90 on Friday. Peyto Exploration & Development has a 52 week low of C$11.95 and a 52 week high of C$17.27. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The firm has a market capitalization of C$3.11 billion, a P/E ratio of 10.26, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a 50-day simple moving average of C$15.82 and a 200-day simple moving average of C$15.09.

Peyto Exploration & Development Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.30%. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 85.16%.

Peyto Exploration & Development Company Profile

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.