Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells 24,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick sold 24,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of C$17.16, for a total transaction of C$411,888.00.

Peyto Exploration & Development Stock Down 0.1 %

TSE:PEY traded down C$0.02 during trading hours on Friday, reaching C$17.04. The company had a trading volume of 524,226 shares, compared to its average volume of 791,181. The business’s 50-day simple moving average is C$16.05 and its two-hundred day simple moving average is C$15.19. Peyto Exploration & Development Corp. has a twelve month low of C$12.41 and a twelve month high of C$17.27. The firm has a market cap of C$3.33 billion, a price-to-earnings ratio of 10.99, a P/E/G 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 Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s payout ratio is 85.16%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Atlantic Securities boosted their price target on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research note on Monday, October 7th. BMO Capital Markets increased their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. National Bankshares boosted their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, TD Securities lowered their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus 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.