Peyto Exploration & Development (TSE:PEY) had its price target decreased by CIBC from C$14.00 to C$12.50 in a research note issued to investors on Tuesday.

Several other equities research analysts have also commented on the stock. Barclays reduced their price target on shares of Peyto Exploration & Development from C$19.00 to C$14.00 in a report on Monday, January 15th. CSFB dropped their target price on shares of Peyto Exploration & Development from C$16.00 to C$14.00 in a research report on Friday, January 12th. Scotiabank downgraded shares of Peyto Exploration & Development from an outperform rating to a sector perform rating and dropped their target price for the stock from C$22.50 to C$17.50 in a research report on Monday, January 15th. Royal Bank of Canada decreased their price objective on shares of 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. Finally, National Bank Financial lifted their price objective on shares of Peyto Exploration & Development from C$16.00 to C$17.00 and gave the company an outperform rating in a research note on Monday, January 15th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$16.32.

Peyto Exploration & Development (PEY) opened at C$12.30 on Tuesday. Peyto Exploration & Development has a 52 week low of C$11.66 and a 52 week high of C$29.65. The firm has a market cap of $2,030.00, a price-to-earnings ratio of 12.42 and a beta of 0.15.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Wednesday, November 8th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.06 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.72 annualized dividend and a yield of 5.85%. Peyto Exploration & Development’s dividend payout ratio is currently 133.33%.

In other Peyto Exploration & Development news, insider Scott Robinson sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of C$12.00, for a total value of C$240,000.00. Also, Director Stephen Jonathan Chetner bought 6,500 shares of Peyto Exploration & Development stock in a transaction on Thursday, November 16th. The stock was acquired at an average cost of C$16.65 per share, with a total value of C$108,225.00. Insiders sold 95,000 shares of company stock worth $1,240,300 over the last quarter.

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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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