Peyto Exploration & Development Corp. (PEY) to Issue Monthly Dividend of $0.11 on September 13th

Peyto Exploration & Development Corp. (TSE:PEY) announced a monthly dividend on Thursday, August 15th, Zacks reports. Investors of record on Saturday, August 31st will be given a dividend of 0.11 per share on Friday, September 13th. This represents a $1.32 dividend on an annualized basis and a yield of 9.01%. The ex-dividend date of this dividend is Friday, August 30th.

Peyto Exploration & Development Stock Down 1.4 %

PEY stock traded down C$0.21 during mid-day trading on Friday, hitting C$14.65. The stock had a trading volume of 779,964 shares, compared to its average volume of 859,216. Peyto Exploration & Development has a 1-year low of C$11.09 and a 1-year high of C$15.99. The company has a fifty day moving average of C$14.59 and a 200 day moving average of C$14.61. The company has a current ratio of 1.55, a quick ratio of 0.32 and a debt-to-equity ratio of 50.61. The stock has a market capitalization of C$2.85 billion, a price-to-earnings ratio of 9.04, a PEG ratio of -0.46 and a beta of 1.77.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings results on Wednesday, May 15th. The company reported C$0.51 EPS for the quarter, missing the consensus estimate of C$0.63 by C($0.12). Peyto Exploration & Development had a net margin of 34.53% and a return on equity of 12.13%. The firm had revenue of C$332.54 million during the quarter, compared to the consensus estimate of C$358.90 million. On average, equities analysts expect that Peyto Exploration & Development will post 1.6968215 EPS for the current fiscal year.

Analyst Ratings Changes

PEY has been the topic of several analyst reports. TD Securities raised shares of Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 21st. Canaccord Genuity Group boosted their target price on Peyto Exploration & Development from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Desjardins increased their price target on Peyto Exploration & Development from C$13.50 to C$14.50 and gave the company a “buy” rating in a report on Thursday, May 16th. Stifel Nicolaus lifted their price target on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, CIBC decreased their price objective on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a report on Monday, July 15th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$16.55.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Michael Macbean sold 30,500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$14.86, for a total value of C$453,138.50. In other Peyto Exploration & Development news, Director Michael Macbean sold 30,500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$14.86, for a total value of C$453,138.50. Also, Senior Officer Derick Nathan Czember sold 21,000 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of C$14.22, for a total value of C$298,620.00. In the last quarter, insiders bought 36,570 shares of company stock valued at $551,795 and sold 249,519 shares valued at $3,772,841. Insiders own 2.37% of the company’s stock.

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.