Peyto Exploration & Development Corp. (TSE:PEY) Given Average Recommendation of “Buy” by Analysts

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have been given an average recommendation of “Buy” by the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$17.70.

A number of equities research analysts have issued reports on the company. TD Securities cut their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Atlantic Securities boosted their price target on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Monday, October 7th. BMO Capital Markets increased their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday, December 13th. Finally, National Bankshares boosted their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th.

Insider Activity

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 16,600 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$15.10, for a total value of C$250,660.00. Also, Director Stephen Jonathan Chetner sold 2,565 shares of Peyto Exploration & Development stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$16.44, for a total value of C$42,166.55. Over the last quarter, insiders have bought 14,535 shares of company stock valued at $226,427 and have sold 200,961 shares valued at $3,258,783. Insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Stock Performance

Shares of TSE PEY opened at C$15.47 on Friday. The stock has a market cap of C$3.02 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 1 year low of C$11.95 and a 1 year high of C$17.27. The firm has a fifty day moving average price of C$15.81 and a 200-day moving average price of C$15.10. 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 disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is 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.