Riley Millar Frame Purchases 3,300 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEYGet Free Report) Senior Officer Riley Millar Frame acquired 3,300 shares of Peyto Exploration & Development stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of C$15.90 per share, with a total value of C$52,470.00.

Peyto Exploration & Development Stock Down 1.1 %

Shares of TSE PEY opened at C$15.73 on Wednesday. The stock has a market capitalization of C$3.08 billion, a P/E ratio of 10.15, a PEG ratio of -0.46 and a beta of 1.75. The stock’s fifty day moving average is C$15.81 and its 200 day moving average is C$15.09. Peyto Exploration & Development Corp. has a 52 week low of C$11.95 and a 52 week 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 Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 8.39%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s payout ratio is presently 85.16%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PEY shares. TD Securities dropped their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Atlantic Securities lifted 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. 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. Finally, BMO Capital Markets raised their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Peyto Exploration & Development currently has a consensus rating of “Buy” and an average price target of C$17.70.

Get Our Latest Stock Analysis on PEY

About Peyto Exploration & Development

(Get Free Report)

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.

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