PEY has been the topic of several other research reports. Scotiabank dropped their price target on shares of Peyto Exploration & Development from C$33.00 to C$26.00 and set an outperform rating on the stock in a research note on Thursday, November 9th. TD Securities dropped their price target on shares of Peyto Exploration & Development from C$21.00 to C$19.50 and set a buy rating on the stock in a research note on Tuesday, January 9th. BMO Capital Markets downgraded shares of Peyto Exploration & Development from an outperform rating to a market perform rating and dropped their price target for the stock from C$30.00 to C$23.00 in a research note on Tuesday, October 10th. Royal Bank of Canada dropped their price target on shares of Peyto Exploration & Development from C$26.00 to C$25.00 and set an outperform rating on the stock in a research note on Friday, November 10th. Finally, National Bank Financial dropped their price target on shares of Peyto Exploration & Development from C$22.00 to C$16.00 and set an outperform rating on the stock in a research note on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of C$18.37.
Peyto Exploration & Development (TSE:PEY) opened at C$13.83 on Friday. Peyto Exploration & Development has a one year low of C$13.05 and a one year high of C$30.94. The company has a market cap of $2,280.00, a price-to-earnings ratio of 13.97 and a beta of 0.15.
Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings results on Wednesday, November 8th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.20 by C$0.07. Peyto Exploration & Development had a net margin of 30.65% and a return on equity of 10.84%.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Tuesday, January 30th. Peyto Exploration & Development’s dividend payout ratio is currently 133.33%.
In related news, Director Brian Davis acquired 1,800 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was bought at an average cost of C$14.42 per share, with a total value of C$25,956.00. Also, Director Stephen Jonathan Chetner acquired 6,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of C$16.65 per share, with a total value of C$108,225.00.
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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.
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