Peyto Exploration & Development Corp. (TSE:PEY – Get Free Report) has received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$16.59.
A number of research firms recently commented on PEY. Desjardins lifted their price target on shares of Peyto Exploration & Development from C$13.50 to C$14.50 and gave the stock a “buy” rating in a research note on Thursday, May 16th. BMO Capital Markets upped their price target on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a research report on Monday, March 11th. Stifel Nicolaus boosted their price objective on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. CIBC boosted their price objective on shares of Peyto Exploration & Development from C$16.00 to C$17.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Finally, Scotiabank upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 14th.
View Our Latest Stock Report on PEY
Peyto Exploration & Development Stock Performance
Peyto Exploration & Development Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, June 28th. This represents a $1.32 annualized dividend and a dividend yield of 9.26%. Peyto Exploration & Development’s payout ratio is currently 81.48%.
Insiders Place Their Bets
In related news, Senior Officer Riley Millar Frame sold 29,900 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$15.81, for a total value of C$472,719.00. In related news, Director Jean-Paul Henri Lachance acquired 11,000 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was bought at an average price of C$15.42 per share, with a total value of C$169,620.00. Also, Senior Officer Riley Millar Frame sold 29,900 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$15.81, for a total transaction of C$472,719.00. In the last ninety days, insiders have purchased 26,470 shares of company stock worth $404,303 and have sold 146,426 shares worth $2,265,026. 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.
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