Peyto Exploration & Development Corp. (PEY) To Go Ex-Dividend on October 31st

Peyto Exploration & Development Corp. (TSE:PEY) declared a monthly dividend on Tuesday, October 15th, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.11 per share on Friday, November 15th. This represents a $1.32 annualized dividend and a yield of 8.68%. The ex-dividend date is Thursday, October 31st.

Peyto Exploration & Development Price Performance

PEY stock opened at C$15.21 on Thursday. Peyto Exploration & Development has a 52-week low of C$11.09 and a 52-week high of C$16.32. 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 stock has a market cap of C$2.97 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The business has a fifty day moving average of C$14.75 and a two-hundred day moving average of C$14.92.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly earnings data 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). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%. The company had revenue of C$256.55 million during the quarter, compared to analysts’ expectations of C$257.10 million.

Insiders Place Their Bets

In related news, Director Jean-Paul Henri Lachance sold 16,600 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$15.10, for a total value of C$250,660.00. In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 21,000 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of C$14.22, for a total value of C$298,620.00. Also, Director Jean-Paul Henri Lachance sold 16,600 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$15.10, for a total transaction of C$250,660.00. Insiders sold 240,240 shares of company stock worth $3,496,683 in the last 90 days. Corporate insiders own 2.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. National Bankshares lifted their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. TD Securities dropped their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. CIBC lowered 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 boosted their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Monday, October 7th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Peyto Exploration & Development has a consensus rating of “Buy” and a consensus target price of C$17.60.

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.