Peyto Exploration & Development Corp. (TSE:PEY) Plans $0.11 Monthly Dividend

Peyto Exploration & Development Corp. (TSE:PEY) announced a monthly dividend on Monday, July 15th, Zacks reports. Shareholders of record on Wednesday, July 31st will be paid a dividend of 0.11 per share on Thursday, August 15th. This represents a $1.32 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date of this dividend is Wednesday, July 31st.

Peyto Exploration & Development Trading Down 1.4 %

TSE:PEY opened at C$14.56 on Tuesday. The company has a debt-to-equity ratio of 50.61, a current ratio of 1.55 and a quick ratio of 0.32. The firm has a market capitalization of C$2.83 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of -0.46 and a beta of 1.85. Peyto Exploration & Development has a one year low of C$11.09 and a one year high of C$15.99. The business has a fifty day moving average price of C$14.87 and a 200-day moving average price of C$14.53.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings data on Wednesday, May 15th. The company reported C$0.51 EPS for the quarter, missing the consensus estimate of C$0.63 by C($0.12). The company had revenue of C$332.54 million during the quarter, compared to analysts’ expectations of C$358.90 million. Peyto Exploration & Development had a return on equity of 12.13% and a net margin of 34.53%. Sell-side analysts forecast that Peyto Exploration & Development will post 1.8527316 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Canaccord Genuity Group upped their price objective on Peyto Exploration & Development from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Stifel Nicolaus upped their target price on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Scotiabank upgraded Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 14th. Desjardins increased their price target on Peyto Exploration & Development from C$13.50 to C$14.50 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Finally, TD Securities upgraded Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 21st. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$16.55.

Insider Buying and Selling

In other news, Director Jean-Paul Henri Lachance purchased 11,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were acquired at an average cost of C$15.42 per share, with a total value of C$169,620.00. In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance bought 11,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average cost of C$15.42 per share, for a total transaction of C$169,620.00. Also, Senior Officer Riley Millar Frame sold 29,900 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$15.81, for a total transaction of C$472,719.00. Over the last 90 days, insiders acquired 36,570 shares of company stock valued at $551,795 and sold 219,019 shares valued at $3,319,702. 2.37% of the stock is currently owned by insiders.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.