Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran Sells 28,000 Shares

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

Peyto Exploration & Development Trading Up 0.5 %

Peyto Exploration & Development stock opened at C$17.36 on Wednesday. Peyto Exploration & Development Corp. has a 1 year low of C$12.41 and a 1 year high of C$17.49. The firm’s 50-day moving average is C$16.16 and its 200-day moving average is C$15.23. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The company has a market cap of C$3.39 billion, a P/E ratio of 11.20, a PEG ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 7.60%. Peyto Exploration & Development’s payout ratio is currently 85.16%.

Analysts Set New Price Targets

PEY has been the subject of several recent analyst reports. National Bankshares raised their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. TD Securities dropped their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. BMO Capital Markets increased their target price on Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. Finally, Atlantic Securities lifted their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Peyto Exploration & Development currently has a consensus rating of “Buy” and an average 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.