Peyto Exploration & Development (TSE:PEY – Free Report) had its target price upped by BMO Capital Markets from C$16.50 to C$17.50 in a research note released on Friday morning,BayStreet.CA reports.
Several other equities analysts also recently commented on PEY. TD Securities decreased their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. National Bankshares upped their price objective on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, Atlantic Securities boosted their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, October 7th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$17.70.
View Our Latest Stock Report on Peyto Exploration & Development
Peyto Exploration & Development Stock Performance
Peyto Exploration & Development Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.15%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s payout ratio is 85.16%.
Insiders Place Their Bets
In other Peyto Exploration & Development news, Senior Officer Todd Burdick sold 57,810 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$14.41, for a total value of C$832,845.55. Also, Director Stephen Jonathan Chetner sold 2,565 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$16.44, for a total transaction of C$42,166.55. Over the last 90 days, insiders have purchased 7,935 shares of company stock valued at $123,203 and have sold 257,805 shares valued at $4,072,420. Insiders own 2.36% of the company’s stock.
About Peyto Exploration & Development
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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