Peyto Exploration & Development (TSE:PEY) Price Target Raised to C$30.00

Peyto Exploration & Development (TSE:PEY) had its price objective hoisted by National Bank Financial from C$29.00 to C$30.00 in a report published on Tuesday morning,BayStreet reports. They currently have an outperform rating on the stock.

Separately, Ventum Financial set a C$31.00 target price on shares of Peyto Exploration & Development and gave the stock a “buy” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$27.19.

Peyto Exploration & Development Trading Up 0.2%

Shares of PEY opened at C$25.24 on Tuesday. The stock’s fifty day simple moving average is C$24.51 and its 200-day simple moving average is C$25.29. The firm has a market capitalization of C$5.21 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of -0.46 and a beta of -0.10. Peyto Exploration & Development has a 12-month low of C$20.42 and a 12-month high of C$29.22. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 32.38.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings data on Monday, November 9th. The company reported C$0.50 EPS for the quarter. Peyto Exploration & Development had a net margin of 42.77% and a return on equity of 18.66%. The company had revenue of C$400.75 million for the quarter.

Peyto Exploration & Development Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 15th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.56 annualized dividend and a yield of 6.2%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 51.12%.

Insider Activity

In other news, insider Crissy Rafoss sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of C$25.05, for a total transaction of C$200,400.00. Following the transaction, the insider owned 26,868 shares of the company’s stock, valued at approximately C$673,043.40. This represents a 22.94% decrease in their ownership of the stock. Also, insider Derick Nathan Czember sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$25.45, for a total value of C$636,250.00. Following the completion of the sale, the insider owned 114,505 shares in the company, valued at approximately C$2,914,152.25. The trade was a 17.92% decrease in their ownership of the stock. In the last 90 days, insiders have sold 90,229 shares of company stock valued at $2,275,786. 2.36% of the stock is currently owned by corporate insiders.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.