Peyto Exploration & Development Corp. (OTCMKTS:PEYUF – Get Rating) announced a dividend on Friday, April 22nd, investing.com reports. Stockholders of record on Friday, April 29th will be paid a dividend of 0.0396 per share on Friday, May 13th. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, April 28th. This is an increase from Peyto Exploration & Development’s previous dividend of $0.04.
Shares of PEYUF stock opened at $11.45 on Friday. Peyto Exploration & Development has a fifty-two week low of $3.97 and a fifty-two week high of $11.97. The stock’s 50-day simple moving average is $9.48 and its 200-day simple moving average is $8.46.
A number of equities research analysts have recently weighed in on the company. TD Securities boosted their price target on Peyto Exploration & Development from C$14.00 to C$14.50 in a research note on Friday, February 18th. Scotiabank upped their target price on Peyto Exploration & Development from C$21.00 to C$23.00 in a research report on Monday. CIBC upped their target price on Peyto Exploration & Development from C$14.50 to C$15.50 in a research report on Thursday, April 14th. National Bank Financial upped their target price on Peyto Exploration & Development from C$15.50 to C$18.00 in a research report on Thursday, April 14th. Finally, Stifel Nicolaus upped their target price on Peyto Exploration & Development from C$16.50 to C$17.00 in a research report on Thursday, March 10th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $15.00.
Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. As of December 31, 2021, it had a total proved plus probable reserves of 904 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.
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