Peyto Exploration & Development Corp Receives Consensus Rating of “Buy” from Analysts (TSE:PEY)
Peyto Exploration & Development Corp (TSE:PEY) has received an average recommendation of “Buy” from the sixteen analysts that are currently covering the stock, AnalystRatings.NET reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$44.08.
Shares of Peyto Exploration & Development Corp (TSE:PEY) opened at 37.48 on Wednesday. Peyto Exploration & Development Corp has a one year low of $27.83 and a one year high of $41.95. The stock has a 50-day moving average of $36.96 and a 200-day moving average of $37.6. The company has a market cap of $5.760 billion and a P/E ratio of 29.23.
The company also recently announced a Monthly dividend, which is scheduled for Monday, September 15th. Investors of record on Sunday, August 31st will be paid a dividend of $0.091 per share. This represents a dividend yield of 3.2%. The ex-dividend date is Wednesday, August 27th.
PEY has been the subject of a number of recent research reports. Analysts at First Analysis Securities cut their price target on shares of Peyto Exploration & Development Corp from C$52.50 to C$47.50 in a research note on Thursday, August 14th. Separately, analysts at FirstEnergy Capital cut their price target on shares of Peyto Exploration & Development Corp from C$52.50 to C$47.50 in a research note on Thursday, August 14th. Finally, analysts at CIBC raised their price target on shares of Peyto Exploration & Development Corp from C$46.50 to C$48.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock.
Peyto Exploration and Development Corp, formerly Peyto Exploration & Development Corp. is a Canada-based energy company.
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