Peyto Exploration & Development Corp (TSE:PEY) traded down 3% during mid-day trading on Wednesday . The stock traded as low as C$10.09 and last traded at C$10.13. 354,089 shares were traded during mid-day trading, a decline of 71% from the average session volume of 1,238,980 shares. The stock had previously closed at C$10.44.

Several equities research analysts recently issued reports on the stock. CIBC reduced their price objective on shares of Peyto Exploration & Development from C$14.00 to C$12.50 in a research note on Tuesday, January 23rd. 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. Scotiabank lowered shares of Peyto Exploration & Development from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$22.50 to C$17.50 in a research note on Monday, January 15th. Raymond James Financial reduced their price objective on shares of Peyto Exploration & Development from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, January 15th. Finally, TD Securities reduced their price objective on shares of Peyto Exploration & Development from C$19.50 to C$18.00 and set a “buy” rating for the company in a research note on Monday, January 15th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$16.32.

The company has a market cap of $1,690.00, a price-to-earnings ratio of 10.22 and a beta of -0.10.

The company also recently announced 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 annualized dividend and a yield of 6.91%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 133.33%.

In related news, Director Stephen Jonathan Chetner sold 25,000 shares of Peyto Exploration & Development stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of C$12.80, for a total value of C$320,000.00. Also, insider Scott Robinson sold 20,000 shares of Peyto Exploration & Development stock in a transaction on Thursday, January 18th. The stock was sold at an average price of C$12.00, for a total transaction of C$240,000.00. Insiders sold a total of 95,000 shares of company stock worth $1,240,300 in 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.

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