Peyto Exploration & Development Corp. (TSE:PEY) Given Average Rating of “Buy” by Brokerages

Peyto Exploration & Development Corp. (TSE:PEY) has been assigned an average rating of “Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$17.60.

PEY has been the subject of several research analyst reports. National Bankshares upped their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. TD Securities dropped their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, Atlantic Securities increased their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, October 7th.

Insider Activity

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 23,500 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$14.00, for a total transaction of C$329,000.00. Also, Director Stephen Jonathan Chetner sold 3,831 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$14.80, for a total transaction of C$56,698.80. Over the last three months, insiders sold 234,240 shares of company stock worth $3,537,180. 2.36% of the stock is currently owned by company insiders.

Peyto Exploration & Development Stock Performance

Shares of PEY stock opened at C$17.16 on Tuesday. Peyto Exploration & Development has a one year low of C$11.09 and a one year high of C$17.27. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The company has a 50 day moving average price of C$15.38 and a 200 day moving average price of C$14.98. The firm has a market capitalization of C$3.36 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 7.69%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

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.