Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells C$433,750.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$17.35, for a total value of C$433,750.00.

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

• On Monday, December 30th, Tavis Aaron Carlson purchased 2,000 shares of Peyto Exploration & Development stock. The shares were acquired at an average cost of C$17.17 per share, for a total transaction of C$34,340.00.
• On Wednesday, December 18th, Tavis Aaron Carlson purchased 3,300 shares of Peyto Exploration & Development stock. The shares were acquired at an average cost of C$15.38 per share, for a total transaction of C$50,754.00.
• On Wednesday, December 4th, Tavis Aaron Carlson purchased 3,260 shares of Peyto Exploration & Development stock. The shares were acquired at an average cost of C$15.90 per share, for a total transaction 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 value 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 value of C$326,900.70.

Peyto Exploration & Development Stock Down 0.6 %

PEY stock opened at C$17.17 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. The firm has a market capitalization of C$3.36 billion, a PE ratio of 11.08, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 1-year low of C$12.41 and a 1-year high of C$17.57. The business’s 50 day simple moving average is C$16.23 and its 200 day simple moving average is C$15.26.

Peyto Exploration & Development Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s payout ratio is presently 85.16%.

Wall Street Analysts Forecast Growth

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