Tavis Aaron Carlson Sells 23,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson sold 23,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$15.94, for a total transaction of C$366,620.00.

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

• On Monday, November 18th, Tavis Aaron Carlson sold 21,000 shares of Peyto Exploration & Development stock. The shares were 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 stock was purchased at an average cost 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 Price Performance

Shares of TSE:PEY opened at C$17.08 on Friday. The company’s fifty day moving average price is C$15.32 and its 200 day moving average price is C$14.97. Peyto Exploration & Development Corp. has a 12 month low of C$11.09 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 firm has a market capitalization of C$3.34 billion, a P/E ratio of 11.02, a P/E/G ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 7.73%. Peyto Exploration & Development’s dividend payout ratio is presently 85.16%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. TD Securities dropped their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note 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 research 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 research report on Monday, October 7th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$17.60.

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.