Peyto Exploration & Development Corp (TSE:PEY) has earned a consensus rating of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$34.59.

A number of equities research analysts recently commented on PEY shares. CSFB reissued a “neutral” rating and issued a C$28.00 price target on shares of Peyto Exploration & Development Corp in a research report on Wednesday, May 10th. TD Securities lowered their price target on Peyto Exploration & Development Corp from C$37.00 to C$36.00 and set a “buy” rating for the company in a research report on Wednesday, May 10th. Royal Bank Of Canada lowered their price target on Peyto Exploration & Development Corp from C$45.00 to C$40.00 and set an “ourperform” rating for the company in a research report on Thursday, May 11th. National Bank Financial set a C$29.00 price target on Peyto Exploration & Development Corp in a research report on Friday, June 23rd. Finally, Scotiabank reissued an “outperform” rating and issued a C$36.00 price target on shares of Peyto Exploration & Development Corp in a research report on Tuesday, July 4th.

Peyto Exploration & Development Corp (TSE:PEY) traded up 0.71% on Wednesday, reaching $19.95. 315,061 shares of the company’s stock traded hands. Peyto Exploration & Development Corp has a 52-week low of $19.55 and a 52-week high of $38.82. The stock’s 50 day moving average is $21.52 and its 200 day moving average is $24.90. The firm has a market cap of $3.29 billion and a price-to-earnings ratio of 23.25.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend is Tuesday, August 29th.

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In other news, Director Stephen Jonathan Chetner sold 20,000 shares of the firm’s stock in a transaction on Tuesday, July 4th. The stock was sold at an average price of C$23.52, for a total transaction of C$470,400.00. Also, insider Darren Gee bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average cost of C$23.95 per share, with a total value of C$239,500.00. Over the last ninety days, insiders have bought 40,000 shares of company stock valued at $935,800 and have sold 39,900 shares valued at $908,069.

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.

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

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