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 company’s stock in a transaction on 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 purchased 2,000 shares of Peyto Exploration & Development stock. The stock was 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 purchased 3,300 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$15.38 per share, for a total transaction of C$50,754.00.
• On Wednesday, December 4th, Tavis Aaron Carlson bought 3,260 shares of Peyto Exploration & Development stock. The shares were acquired at an average price of C$15.90 per share, for a total transaction of C$51,834.00.
• On Wednesday, November 20th, Tavis Aaron Carlson sold 23,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.94, for a total value 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 value of C$326,900.70.

Peyto Exploration & Development Trading Down 0.6 %

TSE:PEY opened at C$17.17 on Friday. Peyto Exploration & Development Corp. has a 1-year low of C$12.41 and a 1-year high of C$17.57. The business’s 50-day moving average price is C$16.23 and its two-hundred day moving average price is C$15.26. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. The firm has a market capitalization of C$3.36 billion, a price-to-earnings ratio of 11.08, a PEG ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

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. This represents a $1.32 annualized dividend and a yield of 7.69%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s payout ratio is 85.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PEY. National Bankshares increased their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. 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 cut their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, BMO Capital Markets upped their price target on Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Buy” and an average target price 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.