Peyto Exploration & Development Corp. (TSE:PEY) Receives Consensus Rating of "Buy" from Brokerages

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) has been assigned an average rating of "Buy" from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$17.70.

A number of research firms have recently commented on PEY. TD Securities lowered their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. National Bankshares lifted their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. BMO Capital Markets upped their price objective on Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. 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.

Insiders Place Their Bets

In other Peyto Exploration & Development news, Senior Officer Tavis Aaron Carlson sold 23,000 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$15.94, for a total transaction of C$366,620.00. Also, Director Stephen Jonathan Chetner acquired 4,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average price of C$15.31 per share, for a total transaction of C$61,244.00. In the last 90 days, insiders acquired 20,860 shares of company stock valued at $328,142 and sold 258,862 shares valued at $4,298,676. 2.36% of the stock is owned by insiders.

Peyto Exploration & Development Stock Down 0.6 %

PEY traded down C$0.10 during midday trading on Wednesday, reaching C$17.26. 959,045 shares of the company were exchanged, compared to its average volume of 930,759. The company has a market cap of C$3.37 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development has a one year low of C$12.41 and a one year high of C$17.49. The company's fifty day moving average price is C$16.16 and its 200 day moving average price is C$15.23. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15.

Peyto Exploration & Development Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 7.65%. Peyto Exploration & Development's dividend payout ratio (DPR) is presently 85.16%.

Peyto Exploration & Development Company Profile

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.