Peyto Exploration & Development Corp. (TSE:PEY) Receives C$17.60 Consensus Target Price from Brokerages

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have been assigned a consensus rating of “Buy” from the ten analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$17.60.

Several research analysts have issued reports on the company. TD Securities cut their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. National Bankshares raised their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. CIBC dropped their target price on Peyto Exploration & Development from C$17.50 to C$17.00 in a report on Monday, July 15th. Finally, Atlantic Securities raised their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Monday, October 7th.

Insider Buying and Selling

In related news, Senior Officer Derick Nathan Czember sold 35,000 shares of Peyto Exploration & Development stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$14.75, for a total transaction of C$516,250.00. In other news, Director Stephen Jonathan Chetner bought 4,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was acquired 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 35,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$14.75, for a total value of C$516,250.00. Over the last three months, insiders have acquired 35,675 shares of company stock worth $522,419 and have sold 219,240 shares worth $3,198,063. 2.36% of the stock is currently owned by corporate insiders.

Peyto Exploration & Development Stock Down 2.3 %

Shares of TSE:PEY opened at C$15.18 on Friday. The business’s 50 day simple moving average is C$14.97 and its two-hundred day simple moving average is C$14.94. The firm has a market cap of C$2.97 billion, a P/E ratio of 9.79, a PEG ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. Peyto Exploration & Development has a 52-week low of C$11.09 and a 52-week high of C$16.32.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.27 by C($0.01). The firm had revenue of C$256.55 million during the quarter, compared to the consensus estimate of C$257.10 million. Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%.

Peyto Exploration & Development Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 8.70%. 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.