Peyto Exploration & Development Corp (PEY) Given Average Recommendation of “Buy” by Analysts

Shares of Peyto Exploration & Development Corp (TSE:PEY) have been assigned an average recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$28.10.

A number of equities analysts have recently commented on PEY shares. Barclays PLC cut their target price on shares of Peyto Exploration & Development Corp from C$30.00 to C$26.00 in a report on Monday, July 24th. Royal Bank of Canada cut their target price on shares of Peyto Exploration & Development Corp from C$40.00 to C$34.00 in a report on Thursday, July 20th. TD Securities lifted their target price on shares of Peyto Exploration & Development Corp from C$23.00 to C$25.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets cut shares of Peyto Exploration & Development Corp from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$30.00 to C$23.00 in a report on Tuesday, October 10th. Finally, Scotiabank cut their target price on shares of Peyto Exploration & Development Corp from C$33.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday.

Shares of Peyto Exploration & Development Corp (PEY) traded up C$0.34 during trading hours on Monday, hitting C$19.20. 1,335,648 shares of the stock traded hands, compared to its average volume of 634,612. Peyto Exploration & Development Corp has a twelve month low of C$16.71 and a twelve month high of C$35.64.

The business also recently declared a monthly dividend, which was paid on Friday, October 13th. Stockholders of record on Saturday, September 30th were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.88%. Peyto Exploration & Development Corp’s dividend payout ratio (DPR) is presently 153.49%.

In other Peyto Exploration & Development Corp news, Director Micheal Macbean acquired 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were acquired at an average cost of C$21.80 per share, for a total transaction of C$283,400.00. Also, Director Stephen Jonathan Chetner sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of C$18.88, for a total transaction of C$188,800.00.

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Peyto Exploration & Development Corp Company Profile

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.

Analyst Recommendations for Peyto Exploration & Development Corp (TSE:PEY)

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