Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.13 and traded as high as C$16.84. Peyto Exploration & Development shares last traded at C$16.68, with a volume of 956,288 shares changing hands.
Analyst Upgrades and Downgrades
PEY has been the subject of several research reports. TD Securities reduced 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. National Bankshares lifted their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Atlantic Securities upped their target price 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. Finally, BMO Capital Markets raised their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$17.70.
Check Out Our Latest Stock Analysis on PEY
Peyto Exploration & Development Stock Performance
The stock has a market cap of C$3.26 billion, a P/E ratio of 10.76, a PEG 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's 50-day simple moving average is C$15.90 and its 200 day simple moving average is C$15.13.
Peyto Exploration & Development Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 annualized dividend and a yield of 7.91%. Peyto Exploration & Development's dividend payout ratio is currently 85.16%.
Insider Buying and Selling at Peyto Exploration & Development
In related news, Director Stephen Jonathan Chetner bought 4,000 shares of Peyto Exploration & Development stock in a transaction dated Monday, October 28th. The stock was purchased at an average cost of C$15.31 per share, with a total value of C$61,244.00. Also, Director Jean-Paul Henri Lachance purchased 5,000 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of C$15.50 per share, with a total value of C$77,500.00. In the last quarter, insiders acquired 18,860 shares of company stock worth $293,802 and sold 184,361 shares worth $3,008,123. Corporate insiders own 2.36% of the company's stock.
About Peyto Exploration & Development
(
Get Free Report)
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.
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