Peyto Exploration & Development Corp. (TSE:PEY) Director Sells C$75,907.73 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 4,797 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$15.82, for a total transaction of C$75,907.73.

Stephen Jonathan Chetner also recently made the following trade(s):

• On Thursday, December 12th, Stephen Jonathan Chetner sold 2,565 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.44, for a total value of C$42,166.55.
• On Monday, October 28th, Stephen Jonathan Chetner bought 4,000 shares of Peyto Exploration & Development stock. The shares were acquired at an average cost of C$15.31 per share, for a total transaction of C$61,244.00.
• On Wednesday, October 9th, Stephen Jonathan Chetner sold 1,429 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.77, for a total transaction of C$22,535.33.
• On Monday, October 7th, Stephen Jonathan Chetner sold 1,070 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.22, for a total transaction of C$17,355.40.
• On Tuesday, September 17th, Stephen Jonathan Chetner sold 3,831 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.80, for a total transaction of C$56,698.80.

Peyto Exploration & Development Trading Down 1.7 %

Shares of PEY stock opened at C$15.47 on Thursday. The company has a market capitalization of C$3.02 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. 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 business’s 50 day moving average is C$15.81 and its two-hundred day moving average is C$15.10. Peyto Exploration & Development Corp. has a twelve month low of C$11.95 and a twelve month high of C$17.27.

Peyto Exploration & Development Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 8.53%. Peyto Exploration & Development’s dividend payout ratio (DPR) is 85.16%.

Analysts Set New Price Targets

Several research firms have issued reports on PEY. Atlantic Securities upped 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 note on Monday, October 7th. BMO Capital Markets raised their price target on Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. TD Securities reduced their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, 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. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price 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.