Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick Sells 24,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick sold 24,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of C$17.16, for a total transaction of C$411,888.00.

Peyto Exploration & Development Price Performance

PEY opened at C$17.02 on Friday. The business has a fifty day moving average of C$16.08 and a 200 day moving average of C$15.21. The stock has a market cap of C$3.33 billion, a P/E ratio of 10.98, a PEG ratio of -0.46 and a beta of 1.75. 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 52-week low of C$12.41 and a 52-week high of C$17.27.

Peyto Exploration & Development Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s payout ratio is presently 85.16%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PEY shares. National Bankshares lifted their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. BMO Capital Markets lifted their price target on Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. Atlantic Securities upped their price objective on 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. Finally, TD Securities dropped their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, 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.