Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells C$433,750.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$17.35, for a total transaction of C$433,750.00.

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

• On Monday, December 30th, Tavis Aaron Carlson bought 2,000 shares of Peyto Exploration & Development stock. The stock was purchased at an average cost of C$17.17 per share, with a total value of C$34,340.00.
• On Wednesday, December 18th, Tavis Aaron Carlson purchased 3,300 shares of Peyto Exploration & Development stock. The shares were acquired at an average cost of C$15.38 per share, for a total transaction of C$50,754.00.
• On Wednesday, December 4th, Tavis Aaron Carlson bought 3,260 shares of Peyto Exploration & Development stock. The stock was acquired at an average price 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 value of C$366,620.00.
• On Monday, November 18th, Tavis Aaron Carlson sold 21,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.57, for a total transaction of C$326,900.70.

Peyto Exploration & Development Stock Down 0.5 %

Shares of Peyto Exploration & Development stock traded down C$0.08 during trading hours on Wednesday, hitting C$17.28. 493,628 shares of the company’s stock traded hands, compared to its average volume of 822,589. The company has a market cap of C$3.38 billion, a PE ratio of 11.15, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a twelve month low of C$12.41 and a twelve month high of C$17.49. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The stock has a 50 day simple moving average of C$16.16 and a 200-day simple moving average of C$15.23.

Peyto Exploration & Development Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.11 dividend. 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 7.64%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PEY shares. BMO Capital Markets upped their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. TD Securities cut their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. National Bankshares boosted their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, Atlantic Securities lifted their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, October 7th. One investment 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. Based on data from MarketBeat.com, Peyto Exploration & Development presently has an average rating of “Buy” and a consensus price target 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.