Shares of Peyto Exploration & Development Corp (TSE:PEY) have received a consensus recommendation of “Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$34.59.
PEY has been the topic of several recent research reports. Barclays PLC lowered their price target 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 lowered their price target on shares of Peyto Exploration & Development Corp from C$40.00 to C$34.00 in a report on Thursday, July 20th. National Bank Financial set a C$29.00 price target on shares of Peyto Exploration & Development Corp in a report on Friday, June 23rd. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$36.00 price target on shares of Peyto Exploration & Development Corp in a report on Tuesday, July 4th.
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Peyto Exploration & Development Corp (PEY) traded down 0.78% during midday trading on Friday, reaching $20.40. The company’s stock had a trading volume of 466,902 shares. The stock’s 50 day moving average price is $20.49 and its 200-day moving average price is $24.12. Peyto Exploration & Development Corp has a one year low of $19.55 and a one year high of $38.71. The stock has a market cap of $3.36 billion and a price-to-earnings ratio of 23.78.
The company also recently disclosed a monthly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.47%.
In other news, Director Stephen Jonathan Chetner acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was acquired at an average price of C$23.09 per share, for a total transaction of C$461,800.00.
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.
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