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

Peyto Exploration & Development Corp. (TSE:PEY) has been assigned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$17.70.

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

Peyto Exploration & Development Trading Down 1.7 %

TSE PEY opened at C$15.47 on Friday. The firm 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 52 week low of C$11.95 and a 52 week high of C$17.27. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The company has a 50 day moving average price of C$15.81 and a 200 day moving average price of C$15.10.

Peyto Exploration & Development Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.53%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Insider Transactions at Peyto Exploration & Development

In related news, Senior Officer Derick Nathan Czember sold 11,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$16.40, for a total transaction of C$180,400.00. Also, Senior Officer Tavis Aaron Carlson sold 21,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$15.57, for a total value of C$326,900.70. Over the last ninety days, insiders have bought 14,535 shares of company stock valued at $226,427 and have sold 200,961 shares valued at $3,258,783. 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.