Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells 11,000 Shares of Stock

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

Peyto Exploration & Development Trading Down 0.1 %

Shares of TSE:PEY traded down C$0.01 during mid-day trading on Tuesday, hitting C$16.31. The company had a trading volume of 937,386 shares, compared to its average volume of 911,991. 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 one year low of C$11.09 and a one year high of C$17.27. The firm has a fifty day moving average price of C$15.76 and a 200 day moving average price of C$15.07. The company has a market capitalization of C$3.19 billion, a PE ratio of 10.53, a price-to-earnings-growth 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 paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 8.09%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 85.16%.

Wall Street Analyst Weigh In

PEY has been the topic of several recent research reports. National Bankshares lifted their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. TD Securities cut their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, Atlantic Securities increased their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$17.60.

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.