Brokerages Set Peyto Exploration & Development Corp. (TSE:PEY) PT at C$17.60

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have been assigned a consensus rating of “Buy” from the ten analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$17.60.

A number of equities analysts have recently commented on PEY shares. 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. National Bankshares boosted their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. Finally, Atlantic Securities boosted 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 report on Monday, October 7th.

Peyto Exploration & Development Price Performance

TSE PEY opened at C$17.08 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The stock has a market capitalization of C$3.34 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company has a 50 day moving average price of C$15.32 and a two-hundred day moving average price of C$14.97. Peyto Exploration & Development has a 12-month low of C$11.09 and a 12-month high of C$17.27.

Peyto Exploration & Development Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 annualized dividend and a yield of 7.73%. Peyto Exploration & Development’s dividend payout ratio (DPR) is 85.16%.

Insider Buying and Selling

In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$14.75, for a total transaction of C$516,250.00. Also, Director Jean-Paul Henri Lachance sold 23,500 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of C$14.00, for a total value of C$329,000.00. Insiders have sold a total of 203,240 shares of company stock worth $3,008,866 in the last 90 days. 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.