TD Securities Lowers Peyto Exploration & Development (PEY) Price Target to C$18.00

Peyto Exploration & Development (TSE:PEY) had its target price lowered by TD Securities from C$19.50 to C$18.00 in a research report released on Monday morning. The firm currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. CSFB cut their price objective on shares of Peyto Exploration & Development from C$16.00 to C$14.00 in a research note on Friday, January 12th. Barclays cut their price objective on shares of Peyto Exploration & Development from C$26.00 to C$19.00 in a research note on Monday, October 30th. Eight Capital lowered their price target on shares of Peyto Exploration & Development from C$16.25 to C$15.15 in a report on Friday, January 12th. BMO Capital Markets downgraded shares of Peyto Exploration & Development from an outperform rating to a market perform rating and lowered their price target for the stock from C$30.00 to C$23.00 in a report on Tuesday, October 10th. Finally, Royal Bank of Canada lowered their price target on shares of Peyto Exploration & Development from C$23.00 to C$20.00 and set an outperform rating on the stock in a report on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of C$16.47.

Shares of Peyto Exploration & Development (TSE PEY) opened at C$12.03 on Monday. The firm has a market cap of $1,980.00, a price-to-earnings ratio of 12.15 and a beta of 0.15. Peyto Exploration & Development has a 52 week low of C$11.97 and a 52 week high of C$30.44.

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

The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Tuesday, January 30th. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 133.33%.

In other Peyto Exploration & Development news, 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 transaction of C$429,900.00. Also, Director Brian Davis acquired 1,800 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of C$14.42 per share, for a total transaction of C$25,956.00.

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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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