Peyto Exploration & Development Corp (PEY) Declares $0.06 Monthly Dividend

Peyto Exploration & Development Corp (TSE:PEY) announced a monthly dividend on Thursday, January 11th, Zacks reports. Investors of record on Wednesday, January 31st will be given a dividend of 0.06 per share on Thursday, February 15th. This represents a $0.72 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend is Tuesday, January 30th.

Shares of Peyto Exploration & Development (TSE:PEY) opened at C$12.80 on Thursday. Peyto Exploration & Development has a fifty-two week low of C$11.66 and a fifty-two week high of C$29.65. The company has a market capitalization of $2,110.00, a P/E ratio of 12.93 and a beta of 0.15.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings results on Wednesday, November 8th. The company reported C$0.27 EPS for the quarter, beating the consensus estimate of C$0.20 by C$0.07. Peyto Exploration & Development had a return on equity of 10.84% and a net margin of 30.65%.

PEY has been the subject of several analyst reports. Barclays lowered their price objective on Peyto Exploration & Development from C$26.00 to C$19.00 in a research report on Monday, October 30th. Scotiabank lowered Peyto Exploration & Development from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$22.50 to C$17.50 in a research report on Monday, January 15th. Royal Bank of Canada lowered their price objective on Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, January 12th. TD Securities increased their price objective on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, National Bank Financial lowered their price objective on Peyto Exploration & Development from C$29.00 to C$22.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$16.32.

In other news, insider Scott Robinson sold 30,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of C$14.33, for a total transaction of C$429,900.00. Also, Director Stephen Jonathan Chetner sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of C$12.80, for a total value of C$320,000.00. Over the last 90 days, insiders have sold 95,000 shares of company stock valued at $1,240,300.

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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.

Dividend History for Peyto Exploration & Development (TSE:PEY)

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