Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Director Sells 1,429 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 1,429 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$15.77, for a total value of C$22,535.33.

Stephen Jonathan Chetner also recently made the following trade(s):

• On Monday, October 7th, Stephen Jonathan Chetner sold 1,070 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.22, for a total value of C$17,355.40.
• On Tuesday, September 17th, Stephen Jonathan Chetner sold 3,831 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.80, for a total value of C$56,698.80.
• On Thursday, July 18th, Stephen Jonathan Chetner sold 2,700 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.29, for a total transaction of C$38,583.00.

Peyto Exploration & Development Trading Up 0.1 %

TSE:PEY traded up C$0.01 on Wednesday, reaching C$15.74. The company’s stock had a trading volume of 874,678 shares, compared to its average volume of 923,287. The firm has a market cap of C$3.08 billion, a PE ratio of 10.15, a PEG ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The business’s 50-day moving average price is C$14.63 and its two-hundred day moving average price is C$14.88. Peyto Exploration & Development Corp. has a 1-year low of C$11.09 and a 1-year high of C$16.32.

Peyto Exploration & Development (TSE:PEY) last announced its earnings results on Tuesday, August 13th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.01). Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%. The company had revenue of C$256.55 million for the quarter, compared to analyst estimates of C$257.10 million.

Peyto Exploration & Development Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date is Friday, September 27th. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Analyst Ratings Changes

A number of research firms recently weighed in on PEY. Atlantic Securities upped their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research note on Monday. TD Securities cut their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. CIBC reduced their target price on Peyto Exploration & Development from C$17.50 to C$17.00 in a report on Monday, July 15th. Scotiabank upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 14th. Finally, National Bankshares raised their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target 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.