Peyto Exploration & Development Corp. (TSE:PEY) Receives Average Recommendation of “Moderate Buy” from Analysts

Peyto Exploration & Development Corp. (TSE:PEYGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$16.78.

A number of equities research analysts have weighed in on PEY shares. Desjardins lifted their price objective on Peyto Exploration & Development from C$13.00 to C$13.50 and gave the company a “hold” rating in a report on Monday, September 18th. Scotiabank lifted their price objective on Peyto Exploration & Development from C$21.00 to C$23.00 and gave the company an “outperform” rating in a report on Wednesday, September 27th. National Bankshares lifted their price objective on Peyto Exploration & Development from C$17.00 to C$17.50 and gave the company an “outperform” rating in a report on Thursday, October 12th. Royal Bank of Canada lifted their price objective on Peyto Exploration & Development from C$13.00 to C$15.00 and gave the company a “sector perform” rating in a report on Wednesday, September 27th. Finally, Stifel Nicolaus lifted their price objective on Peyto Exploration & Development from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Wednesday, September 27th.

View Our Latest Research Report on PEY

Insider Buying and Selling at Peyto Exploration & Development

In related news, Director Stephen Jonathan Chetner purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was bought at an average cost of C$14.21 per share, with a total value of C$71,050.00. 3.11% of the stock is owned by insiders.

Peyto Exploration & Development Stock Performance

TSE PEY opened at C$13.89 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.96 and a debt-to-equity ratio of 36.92. Peyto Exploration & Development has a 52-week low of C$10.38 and a 52-week high of C$15.29. The business’s 50-day moving average price is C$13.62 and its 200 day moving average price is C$12.26. The firm has a market cap of C$2.67 billion, a P/E ratio of 7.05, a P/E/G ratio of -0.46 and a beta of 1.99.

Peyto Exploration & Development (TSE:PEYGet Free Report) last announced its quarterly earnings data on Wednesday, August 9th. The company reported C$0.33 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.06. Peyto Exploration & Development had a return on equity of 17.03% and a net margin of 27.63%. The company had revenue of C$219.41 million for the quarter. On average, equities research analysts expect that Peyto Exploration & Development will post 2.5905797 earnings per share for the current year.

Peyto Exploration & Development Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 9.50%. The ex-dividend date of this dividend is Monday, October 30th. Peyto Exploration & Development’s payout ratio is currently 67.01%.

Peyto Exploration & Development Company Profile

(Get Free Report

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. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp. in January 2011.

Recommended Stories

Analyst Recommendations for Peyto Exploration & Development (TSE:PEY)

Receive News & Ratings for Peyto Exploration & Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peyto Exploration & Development and related companies with MarketBeat.com's FREE daily email newsletter.