Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick Sells 24,000 Shares

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

Peyto Exploration & Development Stock Performance

TSE:PEY opened at C$17.02 on Friday. The company has a market cap of C$3.33 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. 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 fifty day simple moving average of C$16.08 and a two-hundred day simple moving average of C$15.20.

Peyto Exploration & Development Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

Analysts Set New Price Targets

A number of equities research analysts have commented on PEY shares. National Bankshares lifted their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. 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 report on Monday, October 7th. BMO Capital Markets lifted their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. Finally, TD Securities reduced their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target 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.