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

Peyto Exploration & Development Corp. (TSE:PEY) has been given an average rating of “Buy” by the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$17.60.

Several equities research analysts recently commented on PEY shares. Atlantic Securities boosted their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, October 7th. TD Securities decreased their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Finally, National Bankshares lifted their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th.

Peyto Exploration & Development Stock Up 0.8 %

Shares of TSE PEY opened at C$15.75 on Tuesday. The firm has a 50 day moving average price of C$15.18 and a 200 day moving average price of C$14.95. Peyto Exploration & Development has a 52-week low of C$11.09 and a 52-week high of C$16.32. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The stock has a market cap of C$3.08 billion, a P/E ratio of 10.16, a P/E/G ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Dividend Announcement

The business 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. The ex-dividend date was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 8.38%. Peyto Exploration & Development’s dividend payout ratio (DPR) is 85.16%.

Insider Transactions at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 3,831 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$14.80, for a total transaction of C$56,698.80. Also, Senior Officer Todd Burdick sold 57,810 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$14.41, for a total value of C$832,845.55. Over the last quarter, insiders bought 35,675 shares of company stock worth $522,419 and sold 180,240 shares worth $2,642,246. 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.