Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson Purchases 675 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson acquired 675 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was acquired at an average price of C$15.00 per share, for a total transaction of C$10,125.00.

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

• 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.
• On Friday, July 12th, Tavis Aaron Carlson purchased 100 shares of Peyto Exploration & Development stock. The stock was acquired at an average cost of C$14.92 per share, for a total transaction of C$1,492.00.

Peyto Exploration & Development Trading Up 0.3 %

PEY traded up C$0.04 during midday trading on Tuesday, hitting C$14.95. The company’s stock had a trading volume of 841,984 shares, compared to its average volume of 875,155. The firm has a market cap of C$2.92 billion, a P/E ratio of 9.62, a PEG ratio of -0.46 and a beta of 1.76. Peyto Exploration & Development Corp. has a 52-week low of C$11.09 and a 52-week high of C$15.99. 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 50-day moving average price of C$14.45 and a two-hundred day moving average price of C$14.81.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly 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). The company had revenue of C$256.55 million for the quarter, compared to analyst estimates of C$257.10 million. Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%.

Peyto Exploration & Development Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 8.83%. The ex-dividend date of this dividend is Monday, September 30th. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 85.16%.

Analysts Set New Price Targets

Several research analysts recently issued reports on PEY shares. CIBC cut their price objective on Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. Scotiabank raised Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 14th. Finally, TD Securities raised Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 21st. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$16.55.

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.