Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells C$528,314.40 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran sold 31,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, November 22nd. 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 Up 0.5 %

Peyto Exploration & Development stock opened at C$17.16 on Monday. Peyto Exploration & Development Corp. has a fifty-two week low of C$11.09 and a fifty-two week high of C$17.27. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The firm has a 50 day moving average price of C$15.38 and a 200 day moving average price of C$14.98. The company has a market capitalization of C$3.36 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 annualized dividend and a yield of 7.69%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PEY. TD Securities reduced their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. National Bankshares lifted their price target 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 lifted their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, October 7th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$17.60.

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.