Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells C$411,888.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of C$17.16, for a total value of C$411,888.00.

Peyto Exploration & Development Trading Down 0.2 %

PEY stock opened at C$17.02 on Monday. Peyto Exploration & Development Corp. has a 52 week low of C$12.41 and a 52 week high of C$17.27. 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 company’s 50-day simple moving average is C$16.08 and its 200 day simple moving average is C$15.20. The company has a market capitalization of C$3.33 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 7.76%. Peyto Exploration & Development’s dividend payout ratio is presently 85.16%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. TD Securities decreased their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. BMO Capital Markets upped their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday, December 13th. Atlantic Securities increased their price objective 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. Finally, National Bankshares lifted their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. One 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.com, the stock presently has a consensus rating of “Buy” and an average 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.