Peyto Exploration & Development (TSE:PEY) PT Raised to C$18.50 at Atlantic Securities

Peyto Exploration & Development (TSE:PEY - Free Report) had its price objective increased by Atlantic Securities from C$17.50 to C$18.50 in a report issued on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also issued reports on PEY. TD Securities cut their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. National Bankshares upped their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. CIBC dropped their price objective on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a report on Monday, July 15th. Finally, Scotiabank raised shares of Peyto Exploration & Development to a strong-buy rating in a report on Friday, June 14th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Peyto Exploration & Development has a consensus rating of Buy and a consensus price target of C$17.60.

Peyto Exploration & Development Stock Performance

The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. Peyto Exploration & Development has a 52 week low of C$11.09 and a 52 week high of C$16.32. The firm has a market cap of C$3.15 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of -0.46 and a beta of 1.76. The company's 50-day moving average is C$14.59 and its 200 day moving average is C$14.87.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of C$256.55 million for the quarter, compared to analyst estimates of C$257.10 million. On average, sell-side analysts predict that Peyto Exploration & Development will post 2.5599315 EPS for the current fiscal year.

Peyto Exploration & Development Dividend Announcement

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

Insiders Place Their Bets

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance sold 23,500 shares of Peyto Exploration & Development stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$14.00, for a total transaction of C$329,000.00. In other news, Director Jean-Paul Henri Lachance sold 23,500 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of C$14.00, for a total value of C$329,000.00. Also, Director Michael Macbean sold 30,500 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$14.86, for a total transaction of C$453,138.50. Over the last ninety days, insiders have bought 31,775 shares of company stock valued at $462,667 and have sold 241,511 shares valued at $3,512,730. 2.37% of the stock is owned by insiders.

About Peyto Exploration & Development

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.