Peyto Exploration & Development Corp. Plans Monthly Dividend of $0.11 (TSE:PEY)

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) announced a monthly dividend on Tuesday, October 15th, Zacks reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.11 per share on Friday, November 15th. This represents a $1.32 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date of this dividend is Thursday, October 31st.

Peyto Exploration & Development Trading Up 0.1 %

PEY stock traded up C$0.01 during midday trading on Thursday, reaching C$15.22. 867,284 shares of the company traded hands, compared to its average volume of 924,090. Peyto Exploration & Development has a 52-week low of C$11.09 and a 52-week high of C$16.32. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The business has a 50 day moving average of C$14.75 and a 200-day moving average of C$14.92. The firm has a market capitalization of C$2.98 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of -0.46 and a beta of 1.75.

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 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 during the quarter, compared to analysts' expectations of C$257.10 million.

Insider Buying and Selling at Peyto Exploration & Development

In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 21,000 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$14.22, for a total transaction of C$298,620.00. In other news, Director Michael Macbean sold 30,500 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$14.86, for a total value of C$453,138.50. Also, Senior Officer Derick Nathan Czember sold 21,000 shares of the firm's stock in a transaction on Friday, July 19th. The stock was sold at an average price of C$14.22, for a total value of C$298,620.00. In the last 90 days, insiders have sold 240,240 shares of company stock valued at $3,496,683. 2.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PEY has been the topic of several recent analyst reports. TD Securities reduced their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. National Bankshares increased their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. CIBC dropped their price objective on Peyto Exploration & Development from C$17.50 to C$17.00 in a research note on Monday, July 15th. Finally, Atlantic Securities increased their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an "outperform" rating in a research note on Monday, October 7th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$17.60.

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.