Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson Purchases 3,300 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson acquired 3,300 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of C$15.38 per share, with a total value of C$50,754.00.

Tavis Aaron Carlson also recently made the following trade(s):

• On Wednesday, December 4th, Tavis Aaron Carlson acquired 3,260 shares of Peyto Exploration & Development stock. The stock was acquired at an average cost of C$15.90 per share, with a total value 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 transaction 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 transaction of C$326,900.70.
• On Tuesday, September 24th, Tavis Aaron Carlson purchased 675 shares of Peyto Exploration & Development stock. The shares were purchased at an average cost of C$15.00 per share, with a total value of C$10,125.00.

Peyto Exploration & Development Trading Up 0.2 %

TSE PEY opened at C$15.50 on Friday. Peyto Exploration & Development Corp. has a 12 month low of C$11.95 and a 12 month high of C$17.27. 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 company has a market capitalization of C$3.03 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company’s fifty day moving average price is C$15.80 and its two-hundred day moving average price is C$15.10.

Peyto Exploration & Development Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.52%. Peyto Exploration & Development’s payout ratio is currently 85.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday, December 13th. TD Securities lowered their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. National Bankshares raised their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, Atlantic Securities raised their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Monday, October 7th. One investment 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’s stock. According to MarketBeat, Peyto Exploration & Development presently has an average rating of “Buy” and an average target price of C$17.70.

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.