Peyto Exploration & Development (TSE:PEY) had its target price cut by TD Securities from C$19.50 to C$18.00 in a research note published on Monday. They currently have a buy rating on the stock.
Several other research firms have also commented on PEY. Barclays reduced their price objective on shares of Peyto Exploration & Development from C$26.00 to C$19.00 in a research note on Monday, October 30th. Royal Bank of Canada cut their price target on shares of Peyto Exploration & Development from C$23.00 to C$20.00 and set an outperform rating on the stock in a research note on Friday, January 12th. National Bank Financial cut their price target on shares of Peyto Exploration & Development from C$29.00 to C$22.00 and set an outperform rating on the stock in a research note on Friday, October 13th. CSFB cut their price target on shares of Peyto Exploration & Development from C$16.00 to C$14.00 in a research note on Friday, January 12th. Finally, BMO Capital Markets upgraded shares of Peyto Exploration & Development from a market perform rating to an outperform rating and upped their price target for the company from C$15.00 to C$16.00 in a research note on Friday, January 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Peyto Exploration & Development presently has an average rating of Buy and a consensus price target of C$16.47.
Peyto Exploration & Development (PEY) opened at C$12.03 on Monday. The company has a market cap of $1,980.00, a P/E ratio of 12.15 and a beta of 0.15. Peyto Exploration & Development has a 52 week low of C$11.97 and a 52 week high of C$30.44.
Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings data on Wednesday, November 8th. The company reported C$0.27 EPS for the quarter, topping the consensus estimate of C$0.20 by C$0.07. Peyto Exploration & Development had a net margin of 30.65% and a return on equity of 10.84%.
The business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.72 dividend on an annualized basis and a yield of 5.99%. Peyto Exploration & Development’s payout ratio is 133.33%.
In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner acquired 6,500 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were purchased at an average price of C$16.65 per share, for a total transaction of C$108,225.00. Also, Director Brian Davis acquired 1,800 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average price of C$14.42 per share, for a total transaction of C$25,956.00.
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About Peyto Exploration & Development
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.
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