Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells C$484,806.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$17.31, for a total transaction of C$484,806.00.

Lee Russell Curran also recently made the following trade(s):

• On Friday, November 22nd, Lee Russell Curran sold 31,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$17.04, for a total value of C$528,314.40.

Peyto Exploration & Development Price Performance

Shares of PEY traded up C$0.35 during trading hours on Monday, hitting C$17.37. 748,656 shares of the company were exchanged, compared to its average volume of 899,295. Peyto Exploration & Development Corp. has a one year low of C$12.41 and a one year high of C$17.39. The company has a market capitalization of C$3.40 billion, a PE ratio of 11.21, a PEG ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. The firm has a fifty day simple moving average of C$16.08 and a 200-day simple moving average of C$15.20.

Peyto Exploration & Development Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio is presently 85.16%.

Wall Street Analysts Forecast Growth

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

Peyto Exploration & Development Company Profile

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.