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 bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of C$17.17 per share, for a total transaction 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 stock was purchased at an average cost of C$15.38 per share, for a total transaction of C$50,754.00.
• On Wednesday, December 4th, Tavis Aaron Carlson purchased 3,260 shares of Peyto Exploration & Development stock. The stock was acquired at an average cost of C$15.90 per share, for a total transaction 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 transaction 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 Trading Up 0.6 %

Shares of TSE:PEY traded up C$0.10 during trading on Tuesday, reaching C$17.09. 346,038 shares of the company traded hands, compared to its average volume of 905,777. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. Peyto Exploration & Development Corp. has a 52-week low of C$12.00 and a 52-week high of C$17.27. The firm has a market capitalization of C$3.34 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of -0.46 and a beta of 1.75. The business’s fifty day moving average is C$15.94 and its 200-day moving average is C$15.15.

Peyto Exploration & Development Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PEY shares. TD Securities lowered their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. National Bankshares raised their price objective on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. 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. Finally, Atlantic Securities lifted 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 note on Monday, October 7th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.