Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Buys C$34,340.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson acquired 2,000 shares of Peyto Exploration & Development stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of C$17.17 per share, with a total value of C$34,340.00.

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

• On Wednesday, December 18th, Tavis Aaron Carlson purchased 3,300 shares of Peyto Exploration & Development stock. The shares were purchased at an average cost of C$15.38 per share, with a total value of C$50,754.00.
• On Wednesday, December 4th, Tavis Aaron Carlson purchased 3,260 shares of Peyto Exploration & Development stock. The stock was purchased at an average price of C$15.90 per share, with a total value 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 shares were sold at an average price of C$15.57, for a total transaction of C$326,900.70.

Peyto Exploration & Development Stock Performance

TSE:PEY opened at C$17.06 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The firm has a market capitalization of C$3.34 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a twelve month low of C$12.01 and a twelve month high of C$17.27. The stock’s 50-day simple moving average is C$16.05 and its 200 day simple moving average is C$15.19.

Peyto Exploration & Development Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Analyst Ratings Changes

Several brokerages have weighed in on PEY. National Bankshares lifted their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. TD Securities cut their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. BMO Capital Markets raised their price objective on Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. Finally, Atlantic Securities lifted their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.