Peyto Exploration & Development (TSE:PEY) Reaches New 1-Year High - Time to Buy?

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as C$17.27 and last traded at C$17.03, with a volume of 126107 shares trading hands. The stock had previously closed at C$17.14.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. 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. Atlantic Securities lifted their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an "outperform" rating in a report on Monday, October 7th. Finally, TD Securities lowered their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. One 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. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$17.70.

Peyto Exploration & Development Price Performance

The firm has a market capitalization of C$3.34 billion, a PE ratio of 11.01, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. The company has a fifty day moving average price of C$16.02 and a two-hundred day moving average price of C$15.18.

Peyto Exploration & Development Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders 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 7.74%. Peyto Exploration & Development's dividend payout ratio (DPR) is currently 85.16%.

Insider Buying and Selling at Peyto Exploration & Development

In related news, Director Stephen Jonathan Chetner purchased 4,000 shares of the business's 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. Also, Senior Officer Tavis Aaron Carlson sold 21,000 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$15.57, for a total transaction of C$326,900.70. In the last three months, insiders have bought 20,860 shares of company stock valued at $328,142 and have sold 184,361 shares valued at $3,008,123. 2.36% of the stock is currently owned by corporate insiders.

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.