Peyto Exploration & Development Corp (PEY) Receives Average Recommendation of “Buy” from Analysts

Shares of Peyto Exploration & Development Corp (TSE:PEY) have earned a consensus rating of “Buy” from the ten analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$16.47.

PEY has been the topic of several research analyst reports. Eight Capital dropped their target price on shares of Peyto Exploration & Development from C$16.25 to C$15.15 in a report on Friday, January 12th. Barclays dropped their target price on shares of Peyto Exploration & Development from C$19.00 to C$14.00 in a report on Monday, January 15th. CSFB dropped their target price on shares of Peyto Exploration & Development from C$16.00 to C$14.00 in a report on Friday, January 12th. TD Securities raised their target price on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, BMO Capital Markets downgraded shares of Peyto Exploration & Development from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$30.00 to C$23.00 in a report on Tuesday, October 10th.

In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner acquired 6,500 shares of the stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of C$16.65 per share, for a total transaction of C$108,225.00. Also, insider Scott Robinson sold 30,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$14.33, for a total transaction of C$429,900.00.

Shares of Peyto Exploration & Development (TSE:PEY) traded up C$0.22 during trading hours on Friday, hitting C$12.25. 1,540,000 shares of the company were exchanged, compared to its average volume of 1,370,000. The firm has a market cap of $2,020.00, a P/E ratio of 12.37 and a beta of 0.15. Peyto Exploration & Development has a 1-year low of C$11.66 and a 1-year high of C$30.44.

Peyto Exploration & Development (TSE:PEY) last announced its earnings results 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 firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.88%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 133.33%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/20/peyto-exploration-development-corp-pey-receives-average-recommendation-of-buy-from-analysts.html.

Peyto Exploration & Development 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 (TSE:PEY)

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

Leave a Reply