Shares of Peyto Exploration & Development Corp (TSE:PEY) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$33.05.

Several analysts recently issued reports on the company. BMO Capital Markets lowered Peyto Exploration & Development Corp from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$30.00 to C$23.00 in a report on Tuesday. Royal Bank Of Canada cut their price objective on Peyto Exploration & Development Corp from C$34.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday, August 11th. Barclays PLC cut their price objective on Peyto Exploration & Development Corp from C$30.00 to C$26.00 in a report on Monday, July 24th. Scotiabank reiterated an “outperform” rating and set a C$36.00 price objective on shares of Peyto Exploration & Development Corp in a report on Tuesday, July 4th. Finally, National Bank Financial set a C$29.00 price objective on Peyto Exploration & Development Corp in a report on Friday, June 23rd.

Peyto Exploration & Development Corp (PEY) traded up 2.63% during trading on Thursday, reaching $19.10. The company had a trading volume of 704,482 shares. The company has a 50-day moving average price of $20.52 and a 200 day moving average price of $23.25. The stock has a market cap of $3.15 billion and a PE ratio of 22.26. Peyto Exploration & Development Corp has a 52-week low of $18.50 and a 52-week high of $38.71.

The business also recently announced a monthly dividend, which will be paid on Friday, October 13th. Shareholders of record on Saturday, September 30th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.32 annualized dividend and a yield of 7.09%.

WARNING: This news story was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/12/peyto-exploration-development-corp-pey-receives-average-recommendation-of-buy-from-analysts.html.

In related news, Director Stephen Jonathan Chetner sold 9,500 shares of Peyto Exploration & Development Corp stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$19.95, for a total transaction of C$189,525.00. Also, Director Micheal Macbean bought 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were purchased at an average cost of C$21.80 per share, for a total transaction of C$283,400.00.

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.

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

Receive News & Ratings for Peyto Exploration & Development Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peyto Exploration & Development Corp and related companies with MarketBeat.com's FREE daily email newsletter.