Lee Russell Curran Sells 28,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran sold 28,000 shares of the 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 shares were sold at an average price of C$17.04, for a total transaction of C$528,314.40.

Peyto Exploration & Development Stock Performance

PEY stock traded up C$0.35 during trading on Monday, reaching C$17.37. 748,656 shares of the stock were exchanged, compared to its average volume of 899,295. The stock has a 50 day simple moving average of C$16.08 and a 200-day simple moving average of C$15.20. 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 company has a market capitalization of C$3.40 billion, a P/E ratio of 11.21, 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$12.41 and a twelve month high of C$17.39.

Peyto Exploration & Development Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 7.60%. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

Analysts Set New Price Targets

Several brokerages recently commented on PEY. TD Securities lowered their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. National Bankshares increased their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. Atlantic Securities lifted 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. Finally, BMO Capital Markets boosted their price target on Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Peyto Exploration & Development currently has an average rating of “Buy” and an average 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.