Desjardins Cuts Peyto Exploration & Development (OTCMKTS:PEYUF) Price Target to C$16.00

Peyto Exploration & Development (OTCMKTS:PEYUF – Get Rating) had its price target decreased by Desjardins from C$17.00 to C$16.00 in a research note issued to investors on Monday, The Fly reports.

Several other equities analysts have also commented on PEYUF. Scotiabank lowered their price objective on shares of Peyto Exploration & Development from C$26.00 to C$24.00 in a research report on Tuesday, January 17th. Raymond James lowered shares of Peyto Exploration & Development from an outperform rating to a market perform rating in a research report on Monday, January 16th. National Bank Financial increased their price objective on shares of Peyto Exploration & Development from C$17.00 to C$18.50 in a research report on Wednesday, January 11th. Finally, Stifel Nicolaus started coverage on shares of Peyto Exploration & Development in a research report on Thursday, January 12th. They set a buy rating for the company.

Peyto Exploration & Development Stock Down 0.6 %

PEYUF opened at $8.73 on Monday. The company has a fifty day moving average of $9.18 and a 200 day moving average of $9.43. Peyto Exploration & Development has a fifty-two week low of $7.05 and a fifty-two week high of $14.27.

Peyto Exploration & Development Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be issued a $0.082 dividend. This represents a dividend yield of 11.57%. The ex-dividend date is Monday, February 27th. This is a positive change from Peyto Exploration & Development’s previous dividend of $0.08. Peyto Exploration & Development’s dividend payout ratio (DPR) is 74.96%.

About Peyto Exploration & Development

(Get Rating)

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.