Peyto Exploration & Development (TSE:PEY) Given New C$18.50 Price Target at National Bankshares

Peyto Exploration & Development (TSE:PEY) had its price target raised by National Bankshares from C$18.00 to C$18.50 in a research report released on Friday, BayStreet.CA reports.

PEY has been the subject of several other research reports. CIBC dropped their price target on Peyto Exploration & Development from C$17.50 to C$17.00 in a research note on Monday, July 15th. Scotiabank upgraded Peyto Exploration & Development to a strong-buy rating in a research report on Friday, June 14th. Finally, TD Securities upgraded shares of Peyto Exploration & Development to a strong-buy rating in a research report on Friday, June 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Buy and a consensus target price of C$17.28.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development has a one year low of C$11.09 and a one year high of C$15.99. The stock has a market capitalization of C$3.01 billion, a P/E ratio of 9.70, a P/E/G ratio of -0.46 and a beta of 1.76. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. The company has a fifty day moving average of C$14.48 and a 200 day moving average of C$14.82.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.01). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%. The company had revenue of C$256.55 million for the quarter, compared to analysts’ expectations of C$257.10 million. On average, equities analysts anticipate that Peyto Exploration & Development will post 2.5599315 earnings per share for the current year.

Peyto Exploration & Development Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.11 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.32 annualized dividend and a yield of ∞. Peyto Exploration & Development’s payout ratio is currently 85.16%.

Insider Activity

In related news, Senior Officer Todd Burdick sold 57,810 shares of Peyto Exploration & Development stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$14.41, for a total value of C$832,845.55. In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$14.75, for a total transaction of C$516,250.00. Also, Senior Officer Todd Burdick sold 57,810 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$14.41, for a total value of C$832,845.55. Over the last 90 days, insiders purchased 41,775 shares of company stock valued at $608,667 and sold 267,641 shares valued at $3,893,311. Insiders own 2.37% 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.