Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran Sells 31,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran sold 31,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$17.04, for a total value of C$528,314.40.

Peyto Exploration & Development Stock Up 0.5 %

TSE PEY opened at C$17.16 on Friday. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. The stock has a market capitalization of C$3.36 billion, a PE ratio of 11.07, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 1 year low of C$11.09 and a 1 year high of C$17.27. The business’s 50-day moving average is C$15.38 and its 200 day moving average is C$14.99.

Peyto Exploration & Development Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.11 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.32 annualized dividend and a yield of 7.69%. Peyto Exploration & Development’s payout ratio is 85.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PEY shares. TD Securities lowered their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Atlantic Securities lifted their price objective 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. Finally, National Bankshares lifted their price objective on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. 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. According to MarketBeat, Peyto Exploration & Development currently has a consensus 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.