Tavis Aaron Carlson Sells 21,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson sold 21,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$15.57, for a total transaction of C$326,900.70.

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

• On Tuesday, September 24th, Tavis Aaron Carlson purchased 675 shares of Peyto Exploration & Development stock. The shares were acquired at an average price of C$15.00 per share, with a total value of C$10,125.00.
• On Friday, September 13th, Tavis Aaron Carlson sold 20,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.50, for a total transaction of C$290,000.00.

Peyto Exploration & Development Stock Down 0.1 %

Peyto Exploration & Development stock opened at C$15.74 on Wednesday. The company has a 50 day moving average of C$15.22 and a 200-day moving average of C$14.95. 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 twelve month low of C$11.09 and a twelve month high of C$16.32. The stock has a market capitalization of C$3.08 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued 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 8.39%. Peyto Exploration & Development’s dividend payout ratio (DPR) is 85.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PEY shares. Atlantic Securities lifted their price objective on 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. TD Securities lowered their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, National Bankshares lifted their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. One equities 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’s stock. According to data from MarketBeat, Peyto Exploration & Development has a consensus rating of “Buy” and an average target price of C$17.60.

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.