Derick Nathan Czember Sells 11,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Derick Nathan Czember sold 11,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$16.40, for a total value of C$180,400.00.

Peyto Exploration & Development Price Performance

Shares of Peyto Exploration & Development stock traded down C$0.01 during midday trading on Tuesday, hitting C$16.31. 937,386 shares of the company traded hands, compared to its average volume of 911,991. The firm’s fifty day moving average price is C$15.76 and its 200-day moving average price is C$15.07. The stock has a market cap of C$3.19 billion, a price-to-earnings ratio of 10.53, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 12 month low of C$11.09 and a 12 month high of C$17.27. 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 Announces Dividend

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 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 8.09%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Atlantic Securities increased their target price on 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. TD Securities decreased their target price on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Finally, National Bankshares boosted their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. One 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 presently has an average rating of “Buy” and an average target price of C$17.60.

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.