Peyto Exploration & Development (TSE:PEY) Price Target Increased to C$18.50 by Analysts at National Bankshares

Peyto Exploration & Development (TSE:PEY - Free Report) had its price objective increased by National Bankshares from C$18.00 to C$18.50 in a research note published on Friday morning, BayStreet.CA reports.

A number of other research analysts also recently issued reports on PEY. TD Securities upgraded Peyto Exploration & Development to a strong-buy rating in a research note on Friday, June 21st. CIBC reduced their price target on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. Finally, Scotiabank upgraded shares of Peyto Exploration & Development to a strong-buy rating in a report on Friday, June 14th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Peyto Exploration & Development presently has a consensus rating of Buy and an average target price of C$17.28.

Peyto Exploration & Development Stock Up 3.4 %

Shares of PEY stock traded up C$0.49 on Friday, hitting C$15.03. The stock had a trading volume of 5,134,300 shares, compared to its average volume of 898,216. 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 business has a 50 day moving average of C$14.48 and a 200 day moving average of C$14.82. Peyto Exploration & Development has a 12-month low of C$11.09 and a 12-month high of C$15.99. The stock has a market cap of C$2.94 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of -0.46 and a beta of 1.76.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.01). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%. The firm had revenue of C$256.55 million during the quarter, compared to analysts' expectations of C$257.10 million. As a group, analysts expect that Peyto Exploration & Development will post 2.5599315 EPS for the current year.

Peyto Exploration & Development Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, September 27th. This represents a $1.32 dividend on an annualized basis and a yield of 8.78%. Peyto Exploration & Development's dividend payout ratio is presently 85.16%.

Insider Transactions at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 16,600 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$15.10, for a total transaction of C$250,660.00. In related news, Director Stephen Jonathan Chetner sold 2,700 shares of the business's stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of C$14.29, for a total transaction of C$38,583.00. Also, Director Jean-Paul Henri Lachance sold 16,600 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$15.10, for a total transaction of C$250,660.00. Over the last quarter, insiders acquired 41,775 shares of company stock worth $608,667 and sold 267,641 shares worth $3,893,311. Corporate insiders own 2.37% 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.