Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have been given an average recommendation of “Buy” by the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$17.70.

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

Insider Buying and Selling at Peyto Exploration & Development

In related news, Director Stephen Jonathan Chetner acquired 4,000 shares of the stock in a transaction on Monday, October 28th. The stock was bought at an average cost of C$15.31 per share, with a total value of C$61,244.00. Also, Senior Officer Derick Nathan Czember sold 11,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$16.40, for a total transaction of C$180,400.00. Over the last 90 days, insiders acquired 20,860 shares of company stock worth $328,142 and sold 258,862 shares worth $4,298,676. Company insiders own 2.36% of the company’s stock.

Peyto Exploration & Development Trading Down 0.6 %

Shares of PEY stock opened at C$17.17 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. The stock has a market capitalization of C$3.36 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a 12-month low of C$12.41 and a 12-month high of C$17.57. The stock’s 50-day moving average price is C$16.28 and its 200-day moving average price is C$15.29.

Peyto Exploration & Development Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 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.