Peyto Exploration & Development (PEY) PT Lowered to C$14.00 at Barclays

Peyto Exploration & Development (TSE:PEY) had its target price trimmed by Barclays from C$19.00 to C$14.00 in a research report sent to investors on Monday morning.

A number of other brokerages have also recently commented on PEY. Royal Bank of Canada dropped their price target on Peyto Exploration & Development from C$23.00 to C$20.00 and set an outperform rating for the company in a research note on Friday, January 12th. TD Securities increased their price target on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a buy rating in a research note on Thursday, November 9th. National Bank Financial dropped their price target on Peyto Exploration & Development from C$29.00 to C$22.00 and set an outperform rating for the company in a research note on Friday, October 13th. CSFB dropped their price target on Peyto Exploration & Development from C$16.00 to C$14.00 in a research note on Friday, January 12th. Finally, BMO Capital Markets upgraded Peyto Exploration & Development from a market perform rating to an outperform rating and increased their price target for the company from C$15.00 to C$16.00 in a research note on Friday, January 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of C$16.47.

Peyto Exploration & Development (PEY) opened at C$12.29 on Monday. Peyto Exploration & Development has a 12 month low of C$12.25 and a 12 month high of C$30.44. The company has a market capitalization of $2,030.00, a price-to-earnings ratio of 12.41 and a beta of 0.15.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings results on Wednesday, November 8th. The company reported C$0.27 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.20 by C$0.07. Peyto Exploration & Development had a return on equity of 10.84% and a net margin of 30.65%.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.72 dividend on an annualized basis and a yield of 5.86%. Peyto Exploration & Development’s payout ratio is 133.33%.

In related news, Director Brian Davis acquired 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was acquired at an average cost of C$14.42 per share, for a total transaction of C$25,956.00. Also, insider Scott Robinson sold 30,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of C$14.33, for a total value of C$429,900.00.

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Peyto Exploration & Development 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 (TSE:PEY)

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