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 firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$17.35, for a total value of C$433,750.00.

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

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

Peyto Exploration & Development Stock Up 0.1 %

Peyto Exploration & Development stock opened at C$17.27 on Friday. The business has a fifty day moving average price of C$16.23 and a 200-day moving average price of C$15.26. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. Peyto Exploration & Development Corp. has a 1-year low of C$12.41 and a 1-year high of C$17.49. The stock has a market capitalization of C$3.38 billion, a price-to-earnings ratio of 11.14, a PEG ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued 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 is currently 85.16%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PEY. TD Securities dropped their target price on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. National Bankshares raised their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. Atlantic Securities increased 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. Finally, 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. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.