Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Derick Nathan Czember Buys 3,470 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Derick Nathan Czember acquired 3,470 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average cost of C$14.41 per share, for a total transaction of C$50,002.70.

Derick Nathan Czember also recently made the following trade(s):

• On Tuesday, June 18th, Derick Nathan Czember sold 27,064 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.85, for a total value of C$401,900.40.

Peyto Exploration & Development Trading Down 0.1 %

Shares of PEY stock opened at C$14.41 on Friday. The company has a debt-to-equity ratio of 50.61, a quick ratio of 0.32 and a current ratio of 1.55. The stock has a fifty day simple moving average of C$15.21 and a two-hundred day simple moving average of C$14.06. The firm has a market capitalization of C$2.80 billion, a PE ratio of 8.90, a PEG ratio of -0.46 and a beta of 1.85. Peyto Exploration & Development Corp. has a 52-week low of C$10.38 and a 52-week high of C$15.99.

Peyto Exploration & Development Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 9.16%. The ex-dividend date is Friday, June 28th. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 81.48%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Canaccord Genuity Group increased their price objective on Peyto Exploration & Development from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. CIBC lifted their price target on shares of Peyto Exploration & Development from C$16.00 to C$17.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. BMO Capital Markets boosted their price objective on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the company a “market perform” rating in a research report on Monday, March 11th. Desjardins raised their target price on Peyto Exploration & Development from C$13.50 to C$14.50 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, Scotiabank raised Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Moderate Buy” and a consensus price target of C$16.59.

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.