Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Director Sells 2,565 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 2,565 shares of Peyto Exploration & Development stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$16.44, for a total transaction of C$42,166.55.

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

• On Monday, October 28th, Stephen Jonathan Chetner purchased 4,000 shares of Peyto Exploration & Development stock. The shares were acquired at an average price of C$15.31 per share, with a total value 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 value 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 value of C$17,355.40.
• On Tuesday, September 17th, Stephen Jonathan Chetner sold 3,831 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.80, for a total value of C$56,698.80.

Peyto Exploration & Development Trading Down 2.6 %

PEY opened at C$16.34 on Friday. The firm has a market capitalization of C$3.19 billion, a PE ratio of 10.54, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. Peyto Exploration & Development Corp. has a fifty-two week low of C$11.37 and a fifty-two week high of C$17.27. The company’s 50-day moving average is C$15.82 and its 200 day moving average is C$15.09.

Peyto Exploration & Development Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio is 85.16%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEY. TD Securities cut their target price on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Atlantic Securities increased their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Finally, National Bankshares raised their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. One 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target 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.