Peyto Exploration & Development Corp. (TSE:PEY) Receives C$16.55 Average PT from Brokerages

Shares of Peyto Exploration & Development Corp. (TSE:PEY) have received a consensus rating of “Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$16.55.

Several analysts have commented on PEY shares. Desjardins boosted their price target on shares of Peyto Exploration & Development from C$13.50 to C$14.50 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Scotiabank upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 14th. CIBC decreased their target price on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. TD Securities upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 21st. Finally, Canaccord Genuity Group upped their target price on shares of Peyto Exploration & Development from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th.

Peyto Exploration & Development Stock Up 2.0 %

Shares of PEY stock opened at C$14.31 on Thursday. The stock has a market cap of C$2.80 billion, a P/E ratio of 9.23, a PEG ratio of -0.46 and a beta of 1.76. Peyto Exploration & Development has a 52 week low of C$11.09 and a 52 week high of C$15.99. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The company’s fifty day simple moving average is C$14.45 and its two-hundred day simple moving average is C$14.79.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.01). The company had revenue of C$256.55 million during the quarter, compared to analysts’ expectations of C$257.10 million. Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%. Analysts predict that Peyto Exploration & Development will post 1.7201889 EPS for the current fiscal year.

Peyto Exploration & Development Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 13th. Investors of record on Saturday, August 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.32 annualized dividend and a yield of 9.22%. Peyto Exploration & Development’s payout ratio is 85.16%.

Insider Activity at Peyto Exploration & Development

In related news, Senior Officer Derick Nathan Czember sold 27,064 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of C$14.85, for a total transaction of C$401,900.40. In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 27,064 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of C$14.85, for a total value of C$401,900.40. Also, Director Stephen Jonathan Chetner sold 2,700 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of C$14.29, for a total transaction of C$38,583.00. In the last ninety days, insiders have bought 44,570 shares of company stock worth $648,545 and have sold 197,357 shares worth $2,894,830. 2.37% of the stock is currently owned by insiders.

About Peyto Exploration & Development

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.