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

Peyto Exploration & Development Corp. (TSE:PEY) has earned a consensus rating of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$17.70.

PEY has been the topic of a number of research reports. Atlantic Securities upped their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research note on Monday, October 7th. National Bankshares upped their price objective on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. TD Securities dropped their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Finally, BMO Capital Markets raised their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th.

Peyto Exploration & Development Price Performance

TSE:PEY opened at C$17.17 on Wednesday. The company has a market cap of C$3.36 billion, a P/E ratio of 11.08, a P/E/G ratio of -0.46 and a beta of 1.75. The firm’s fifty day moving average price is C$16.23 and its two-hundred day moving average price is C$15.26. Peyto Exploration & Development has a one year low of C$12.41 and a one year high of C$17.57. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32.

Peyto Exploration & Development Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 7.69%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

Insider Activity

In related news, 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 value of C$326,900.70. Also, Director Stephen Jonathan Chetner bought 4,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was bought at an average price of C$15.31 per share, for a total transaction of C$61,244.00. In the last ninety days, insiders bought 20,860 shares of company stock worth $328,142 and sold 258,862 shares worth $4,298,676. Corporate insiders own 2.36% of the company’s stock.

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.