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

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

A number of equities analysts recently weighed in on the company. BMO Capital Markets upped their price target on Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday. TD Securities reduced 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 increased their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. 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 report on Monday, October 7th.

Peyto Exploration & Development Stock Performance

Shares of TSE:PEY traded down C$0.15 during trading on Friday, hitting C$16.19. 917,854 shares of the stock traded hands, compared to its average volume of 913,971. The company has a fifty day moving average price of C$15.82 and a two-hundred day moving average price of C$15.09. Peyto Exploration & Development has a 52-week low of C$11.89 and a 52-week high of C$17.27. The company has a market cap of C$3.17 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02.

Peyto Exploration & Development Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 annualized dividend and a yield of 8.15%. Peyto Exploration & Development's dividend payout ratio (DPR) is presently 85.16%.

Insider Activity

In other news, Senior Officer Todd Burdick sold 57,810 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$14.41, for a total value of C$832,845.55. Also, Director Stephen Jonathan Chetner sold 2,565 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$16.44, for a total value of C$42,166.55. Over the last three months, insiders acquired 7,935 shares of company stock worth $123,203 and sold 257,805 shares worth $4,072,420. Company insiders own 2.36% of the company's stock.

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.