Peyto Exploration & Development Corp. (PEYUF) to Issue Dividend of $0.48 on December 15th

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) announced a dividend on Tuesday, November 23rd, investing.com reports. Shareholders of record on Tuesday, November 30th will be given a dividend of 0.4825 per share on Wednesday, December 15th. This represents a yield of 5.32%. The ex-dividend date is Monday, November 29th. This is a positive change from Peyto Exploration & Development’s previous dividend of $0.03.

OTCMKTS PEYUF opened at $8.83 on Thursday. Peyto Exploration & Development has a 12-month low of $2.13 and a 12-month high of $9.48. The firm has a 50-day moving average price of $7.97 and a two-hundred day moving average price of $6.38.

A number of analysts have recently weighed in on the stock. National Bank Financial cut their price target on shares of Peyto Exploration & Development from C$15.50 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, November 10th. Stifel Nicolaus increased their price objective on shares of Peyto Exploration & Development from C$14.75 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, November 10th. Royal Bank of Canada increased their price objective on shares of Peyto Exploration & Development from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 10th. BMO Capital Markets increased their price objective on shares of Peyto Exploration & Development from C$11.00 to C$13.00 and gave the company a “market perform” rating in a research note on Wednesday, November 10th. Finally, Scotiabank increased their price objective on shares of Peyto Exploration & Development from C$13.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 14th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Peyto Exploration & Development presently has an average rating of “Buy” and an average price target of $12.36.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas. Its operations include deep basin, field activity, marketing, and reserves. The company was founded by Richard F. Braund and Donald T. Gray in 1998 and is headquartered in Calgary, Canada.

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