Tavis Aaron Carlson Acquires 2,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson purchased 2,000 shares of the business’s stock in a transaction 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 bought 3,300 shares of Peyto Exploration & Development stock. The stock was acquired at an average price 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 shares were 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 shares were 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 stock was sold at an average price of C$15.57, for a total value of C$326,900.70.

Peyto Exploration & Development Trading Up 0.2 %

Shares of TSE:PEY opened at C$17.14 on Thursday. The firm has a fifty day moving average of C$16.02 and a two-hundred day moving average of C$15.18. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. Peyto Exploration & Development Corp. has a 12-month low of C$12.00 and a 12-month high of C$17.27. The firm has a market capitalization of C$3.35 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.11 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 7.70%. Peyto Exploration & Development’s payout ratio is 85.16%.

Analyst Ratings Changes

A number of research firms recently weighed in on PEY. National Bankshares increased their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. Atlantic Securities raised their target price on shares of 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. BMO Capital Markets boosted their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday, December 13th. Finally, TD Securities lowered their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company 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.