Insider Buying: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Buys 2,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson purchased 2,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of C$17.17 per share, with a total value of C$34,340.00.

Tavis Aaron Carlson also recently made the following trade(s):

• On Wednesday, December 18th, Tavis Aaron Carlson purchased 3,300 shares of Peyto Exploration & Development stock. The shares were bought at an average price of C$15.38 per share, with a total value of C$50,754.00.
• On Wednesday, December 4th, Tavis Aaron Carlson acquired 3,260 shares of Peyto Exploration & Development stock. The stock was bought at an average cost of C$15.90 per share, with a total value of C$51,834.00.
• On Wednesday, November 20th, Tavis Aaron Carlson sold 23,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.94, for a total transaction of C$366,620.00.
• On Monday, November 18th, Tavis Aaron Carlson sold 21,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.57, for a total transaction of C$326,900.70.

Peyto Exploration & Development Stock Performance

Peyto Exploration & Development stock traded up C$0.10 during mid-day trading on Tuesday, reaching C$17.09. The company’s stock had a trading volume of 346,038 shares, compared to its average volume of 905,777. The firm’s fifty day moving average price is C$15.94 and its two-hundred day moving average price is C$15.15. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. Peyto Exploration & Development Corp. has a 12-month low of C$12.00 and a 12-month high of C$17.27. The company has a market capitalization of C$3.34 billion, a P/E ratio of 11.03, a PEG ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.72%. Peyto Exploration & Development’s payout ratio is 85.16%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PEY. Atlantic Securities boosted their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Monday, October 7th. TD Securities cut their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. National Bankshares upped their price objective on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. Finally, BMO Capital Markets raised their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Peyto Exploration & Development has a consensus rating of “Buy” and an average price target of C$17.70.

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.