Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Director Sells C$75,907.73 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 4,797 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$15.82, for a total value of C$75,907.73.

Stephen Jonathan Chetner also recently made the following trade(s):

• On Thursday, December 12th, Stephen Jonathan Chetner sold 2,565 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.44, for a total value of C$42,166.55.
• On Monday, October 28th, Stephen Jonathan Chetner purchased 4,000 shares of Peyto Exploration & Development stock. The shares were bought at an average price of C$15.31 per share, for a total transaction of C$61,244.00.
• On Wednesday, October 9th, Stephen Jonathan Chetner sold 1,429 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.77, for a total transaction of C$22,535.33.
• On Monday, October 7th, Stephen Jonathan Chetner sold 1,070 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.22, for a total transaction of C$17,355.40.
• On Tuesday, September 17th, Stephen Jonathan Chetner sold 3,831 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.80, for a total transaction of C$56,698.80.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at C$15.47 on Thursday. The company’s 50 day moving average is C$15.81 and its two-hundred day moving average is C$15.10. The firm has a market cap of C$3.02 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. Peyto Exploration & Development Corp. has a 52-week low of C$11.95 and a 52-week high of C$17.27.

Peyto Exploration & Development Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid 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 8.53%. Peyto Exploration & Development’s payout ratio is 85.16%.

Wall Street Analysts Forecast Growth

PEY has been the subject of several analyst reports. National Bankshares increased their price objective on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. BMO Capital Markets increased their price target on Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday, December 13th. TD Securities reduced their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report 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 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 given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.