Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells C$484,806.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran sold 28,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$17.31, for a total transaction of C$484,806.00.

Lee Russell Curran also recently made the following trade(s):

• On Friday, November 22nd, Lee Russell Curran sold 31,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$17.04, for a total value of C$528,314.40.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at C$17.26 on Thursday. 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$3.37 billion, a P/E ratio of 11.14, a PEG ratio of -0.46 and a beta of 1.75. The firm has a fifty day moving average of C$16.19 and a 200-day moving average of C$15.25. Peyto Exploration & Development Corp. has a 52-week low of C$12.41 and a 52-week high of C$17.49.

Peyto Exploration & Development Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 7.65%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Analysts Set New Price Targets

Several equities analysts recently commented on PEY shares. BMO Capital Markets upped their target price on Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. TD Securities dropped their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. National Bankshares raised their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. Finally, Atlantic Securities upped their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, October 7th. One research 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 stock. According to MarketBeat.com, Peyto Exploration & Development has a consensus rating of “Buy” and an average price target of C$17.70.

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.