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

Peyto Exploration & Development Corp. (TSE:PEY) has received a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$17.70.

Several equities research analysts recently weighed in on the stock. National Bankshares increased their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. BMO Capital Markets raised their price objective on Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. TD Securities lowered their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, Atlantic Securities raised their target price on 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.

Peyto Exploration & Development Price Performance

Shares of Peyto Exploration & Development stock opened at C$17.36 on Wednesday. The firm has a fifty day moving average price of C$16.16 and a two-hundred day moving average price of C$15.23. Peyto Exploration & Development has a fifty-two week low of C$12.41 and a fifty-two week high of C$17.49. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. The company has a market cap of C$3.39 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 85.16%.

Insider Activity at Peyto Exploration & Development

In related news, Senior Officer Tavis Aaron Carlson sold 21,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$15.57, for a total transaction of C$326,900.70. Also, Director Stephen Jonathan Chetner acquired 4,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were bought at an average cost of C$15.31 per share, for a total transaction of C$61,244.00. In the last ninety days, insiders bought 20,860 shares of company stock valued at $328,142 and sold 233,862 shares valued at $3,864,926. 2.36% 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.