Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick Sells 57,810 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick sold 57,810 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$14.41, for a total transaction of C$832,845.55.

Todd Burdick also recently made the following trade(s):

• On Monday, June 24th, Todd Burdick sold 21,693 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.73, for a total transaction of C$319,537.89.

Peyto Exploration & Development Price Performance

PEY stock traded down C$0.10 during mid-day trading on Monday, hitting C$14.40. The stock had a trading volume of 279,253 shares, compared to its average volume of 865,673. 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$11.09 and a 52 week high of C$15.99. The firm has a market capitalization of C$2.82 billion, a P/E ratio of 9.35, a P/E/G ratio of -0.46 and a beta of 1.76. The firm has a fifty day simple moving average of C$14.44 and a 200 day simple moving average of C$14.79.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, August 13th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.01). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%. The firm had revenue of C$256.55 million during the quarter, compared to the consensus estimate of C$257.10 million.

Peyto Exploration & Development Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 13th. Stockholders of record on Saturday, August 31st were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.17%. Peyto Exploration & Development’s payout ratio is currently 85.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Scotiabank upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 14th. CIBC reduced their price objective on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. Finally, TD Securities raised shares of Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Peyto Exploration & Development presently has an average rating of “Buy” and an average target price of C$16.55.

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.