National Bank Financial Trims Peyto Exploration & Development (TSE:PEY) Target Price to C$16.00

Peyto Exploration & Development (TSE:PEY) had its target price lowered by National Bank Financial from C$22.00 to C$16.00 in a research note published on Tuesday, January 9th. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also commented on the company. Royal Bank of Canada cut their price target on Peyto Exploration & Development from C$26.00 to C$25.00 and set an outperform rating for the company in a report on Friday, November 10th. TD Securities raised their price target on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a buy rating in a report on Thursday, November 9th. Scotiabank dropped their price objective on Peyto Exploration & Development from C$33.00 to C$26.00 and set an outperform rating for the company in a research note on Thursday, November 9th. Barclays dropped their price objective on Peyto Exploration & Development from C$26.00 to C$19.00 in a research note on Monday, October 30th. Finally, BMO Capital Markets lowered Peyto Exploration & Development from an outperform rating to a market perform rating and dropped their price objective for the company from C$30.00 to C$23.00 in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Peyto Exploration & Development presently has an average rating of Buy and a consensus target price of C$16.47.

Shares of Peyto Exploration & Development (TSE:PEY) opened at C$12.29 on Tuesday. The company has a market capitalization of $2,030.00, a P/E ratio of 12.41 and a beta of 0.15. Peyto Exploration & Development has a 52 week low of C$12.25 and a 52 week high of C$30.44.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly earnings results on Wednesday, November 8th. The company reported C$0.27 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.20 by C$0.07. Peyto Exploration & Development had a return on equity of 10.84% and a net margin of 30.65%.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.06 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.72 annualized dividend and a dividend yield of 5.86%. Peyto Exploration & Development’s dividend payout ratio is currently 133.33%.

In other news, Director Stephen Jonathan Chetner acquired 6,500 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were acquired at an average cost of C$16.65 per share, with a total value of C$108,225.00. Also, insider Scott Robinson sold 30,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$14.33, for a total value of C$429,900.00.

ILLEGAL ACTIVITY WARNING: This article was posted by BBNS and is owned by of BBNS. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://baseballnewssource.com/markets/peyto-exploration-development-pey-price-target-cut-to-c16-00/1824406.html.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.

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.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.