Analysts Set Peyto Exploration & Development Corp. (TSE:PEY) Target Price at C$17.60

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) has been given an average recommendation of "Buy" by the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$17.60.

PEY has been the subject of a number of analyst reports. National Bankshares raised their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. CIBC lowered their target price on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a report on Monday, July 15th. Atlantic Securities increased their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an "outperform" rating in a research note on Monday, October 7th. Finally, TD Securities lowered their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st.

Insider Activity at Peyto Exploration & Development

In related news, Senior Officer Todd Burdick sold 57,810 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$14.41, for a total transaction of C$832,845.55. In other Peyto Exploration & Development news, Senior Officer Todd Burdick sold 57,810 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$14.41, for a total transaction of C$832,845.55. Also, Director Michael Macbean sold 30,500 shares of Peyto Exploration & Development stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$14.86, for a total value of C$453,138.50. Insiders sold 219,240 shares of company stock worth $3,198,063 in the last ninety days. 2.36% of the stock is owned by company insiders.

Peyto Exploration & Development Stock Up 1.0 %

Shares of TSE PEY traded up C$0.16 during midday trading on Friday, reaching C$15.56. The company's stock had a trading volume of 530,353 shares, compared to its average volume of 917,622. Peyto Exploration & Development has a fifty-two week low of C$11.09 and a fifty-two week high of C$16.32. The stock has a 50 day simple moving average of C$14.91 and a 200-day simple moving average of C$14.93. The stock has a market capitalization of C$3.04 billion, a price-to-earnings ratio of 9.94, 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.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last issued its quarterly earnings results 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 return on equity of 11.86% and a net margin of 32.88%. The business had revenue of C$256.55 million for the quarter, compared to the consensus estimate of C$257.10 million.

Peyto Exploration & Development Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.48%. Peyto Exploration & Development's dividend payout ratio (DPR) is currently 85.16%.

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.