Peyto Exploration & Development Corp. (PEY) to Issue Monthly Dividend of $0.11 on August 15th

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 dividend yield of 8.94%. The ex-dividend date of this dividend is Wednesday, July 31st.

Peyto Exploration & Development Stock Up 0.7 %

Shares of TSE PEY opened at C$14.77 on Monday. Peyto Exploration & Development has a 52-week low of C$11.09 and a 52-week high of C$15.99. The business’s 50 day moving average is C$14.90 and its two-hundred day moving average is C$14.52. The firm has a market cap of C$2.87 billion, a price-to-earnings ratio of 9.12, a PEG ratio of -0.46 and a beta of 1.85. The company has a quick ratio of 0.32, a current ratio of 1.55 and a debt-to-equity ratio of 50.61.

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

Analyst Ratings Changes

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

Insider Activity at Peyto Exploration & Development

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