Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells 28,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran sold 28,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were 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 shares were sold at an average price of C$17.04, for a total transaction of C$528,314.40.

Peyto Exploration & Development Stock Up 1.5 %

Shares of TSE:PEY opened at C$17.27 on Tuesday. The firm has a market capitalization of C$3.38 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. 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 52-week low of C$12.41 and a 52-week high of C$17.39. The firm has a fifty day moving average of C$16.12 and a 200 day moving average of C$15.22.

Peyto Exploration & Development Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 7.64%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Analysts Set New Price Targets

A number of research firms have recently commented on PEY. National Bankshares raised their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. TD Securities reduced their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. BMO Capital Markets increased their target price on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. Finally, Atlantic Securities boosted 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Buy” and a consensus target price 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.