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

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

A number of brokerages have commented on PEY. Atlantic Securities raised their price objective on 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. BMO Capital Markets raised their target price on Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. TD Securities lowered their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Finally, National Bankshares raised their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th.

Peyto Exploration & Development Stock Down 0.6 %

Peyto Exploration & Development stock opened at C$17.17 on Wednesday. The company has a market capitalization 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. Peyto Exploration & Development has a 1-year low of C$12.41 and a 1-year high of C$17.57. The firm’s fifty day simple moving average is C$16.23 and its 200-day simple moving average is C$15.26. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02.

Peyto Exploration & Development Dividend Announcement

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

Insider Transactions at Peyto Exploration & Development

In other news, Director Jean-Paul Henri Lachance sold 54,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$16.00, for a total value of C$864,000.00. Also, Director Stephen Jonathan Chetner bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost of C$15.31 per share, for a total transaction of C$61,244.00. Over the last three months, insiders have bought 20,860 shares of company stock valued at $328,142 and have sold 258,862 shares valued at $4,298,676. 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.