Several other equities research analysts also recently weighed in on the company. Royal Bank Of Canada decreased their price objective on Peyto Exploration & Development Corp from C$40.00 to C$34.00 in a report on Thursday, July 20th. BMO Capital Markets downgraded Peyto Exploration & Development Corp from an outperform rating to a market perform rating and decreased their price objective for the company from C$30.00 to C$23.00 in a report on Tuesday, October 10th. National Bank Financial decreased their price objective on Peyto Exploration & Development Corp from C$29.00 to C$22.00 and set an outperform rating for the company in a report on Friday, October 13th. Finally, Scotiabank reissued an outperform rating and issued a C$36.00 price objective on shares of Peyto Exploration & Development Corp in a report on Tuesday, July 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Peyto Exploration & Development Corp currently has a consensus rating of Buy and an average price target of C$31.77.
Shares of Peyto Exploration & Development Corp (TSE PEY) traded down 0.12% during trading on Monday, hitting $17.37. 130,722 shares of the company traded hands. The stock has a market capitalization of $2.86 billion and a PE ratio of 20.24. Peyto Exploration & Development Corp has a 52-week low of $16.71 and a 52-week high of $35.64. The company has a 50-day moving average of $19.72 and a 200-day moving average of $22.35.
The firm also recently disclosed a monthly dividend, which was paid on Friday, October 13th. Shareholders of record on Saturday, September 30th were given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 7.59%. The ex-dividend date was Thursday, September 28th.
In other news, Director Stephen Jonathan Chetner sold 9,500 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$19.95, for a total value of C$189,525.00. Also, Director Micheal Macbean purchased 13,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was purchased at an average price of C$21.80 per share, with a total value 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.
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