Peyto Exploration & Development (TSE:PEY) Upgraded at TD Securities

TD Securities upgraded shares of Peyto Exploration & Development (TSE:PEYFree Report) to a strong-buy rating in a report released on Friday, Zacks.com reports.

PEY has been the subject of a number of other research reports. BMO Capital Markets raised their price objective on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the company a market perform rating in a research report on Monday, March 11th. CIBC raised their price objective on Peyto Exploration & Development from C$16.00 to C$17.50 and gave the company an outperform rating in a research report on Wednesday, May 15th. Desjardins raised their price objective on Peyto Exploration & Development from C$13.50 to C$14.50 and gave the company a buy rating in a research report on Thursday, May 16th. Canaccord Genuity Group raised their price objective on Peyto Exploration & Development from C$17.00 to C$18.00 and gave the company a buy rating in a research report on Wednesday, May 15th. Finally, Stifel Nicolaus increased their price target on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the company a buy rating in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of C$16.59.

Read Our Latest Stock Report on Peyto Exploration & Development

Peyto Exploration & Development Price Performance

Shares of Peyto Exploration & Development stock opened at C$14.26 on Friday. Peyto Exploration & Development has a one year low of C$10.38 and a one year high of C$15.99. The stock’s fifty day moving average is C$15.20 and its 200 day moving average is C$14.10. The stock has a market cap of C$2.77 billion, a P/E ratio of 8.80, a P/E/G ratio of -0.46 and a beta of 1.85. The company has a debt-to-equity ratio of 50.61, a quick ratio of 0.32 and a current ratio of 1.55.

Peyto Exploration & Development Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 9.26%. The ex-dividend date of this dividend is Friday, June 28th. Peyto Exploration & Development’s payout ratio is currently 81.48%.

Insiders Place Their Bets

In other Peyto Exploration & Development news, Director Stephen Jonathan Chetner sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of C$14.55, for a total value of C$39,285.00. In other news, Director Stephen Jonathan Chetner sold 2,700 shares of Peyto Exploration & Development stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of C$14.55, for a total transaction of C$39,285.00. Also, Senior Officer Riley Millar Frame sold 29,900 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$15.81, for a total transaction of C$472,719.00. Over the last 90 days, insiders bought 26,470 shares of company stock valued at $404,303 and sold 146,426 shares valued at $2,265,026. 2.37% of the stock is owned by insiders.

About Peyto Exploration & Development

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Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

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

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