BMO Capital Markets downgraded shares of Peyto Exploration & Development Corp (TSE:PEY) from an outperform rating to a market perform rating in a research note published on Tuesday. BMO Capital Markets currently has C$23.00 price target on the stock, down from their previous price target of C$30.00.

PEY has been the subject of several other research reports. Royal Bank Of Canada dropped their target price on shares of Peyto Exploration & Development Corp from C$34.00 to C$30.00 and set an outperform rating for the company in a report on Friday, August 11th. National Bank Financial set a C$29.00 target price on shares of Peyto Exploration & Development Corp in a report on Friday, June 23rd. Barclays PLC dropped their target price on shares of Peyto Exploration & Development Corp from C$30.00 to C$26.00 in a report on Monday, July 24th. Finally, Scotiabank reaffirmed an outperform rating and issued a C$36.00 target price on shares of Peyto Exploration & Development Corp in a report on Tuesday, July 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of C$33.05.

Shares of Peyto Exploration & Development Corp (TSE:PEY) opened at 18.63 on Tuesday. The company has a 50 day moving average price of $20.56 and a 200-day moving average price of $23.29. The stock has a market cap of $3.07 billion and a P/E ratio of 21.71. Peyto Exploration & Development Corp has a 12 month low of $18.59 and a 12 month high of $38.71.

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The business also recently declared a monthly dividend, which will be paid on Friday, October 13th. Shareholders of record on Saturday, September 30th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 7.09%. The ex-dividend date is Thursday, September 28th.

In related news, Director Micheal Macbean purchased 13,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were acquired at an average price of C$21.80 per share, for a total transaction of C$283,400.00. Also, Director Stephen Jonathan Chetner sold 9,500 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$19.95, for a total transaction of C$189,525.00.

About Peyto Exploration & Development Corp

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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