Stephen Jonathan Chetner Sells 4,797 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 4,797 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$15.82, for a total value of C$75,907.73.

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

• On Thursday, December 12th, Stephen Jonathan Chetner sold 2,565 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.44, for a total value of C$42,166.55.
• On Monday, October 28th, Stephen Jonathan Chetner bought 4,000 shares of Peyto Exploration & Development stock. The shares were bought at an average cost of C$15.31 per share, for a total transaction 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 transaction of C$56,698.80.

Peyto Exploration & Development Stock Down 1.8 %

PEY traded down C$0.29 during trading on Monday, reaching C$15.90. 884,892 shares of the stock traded hands, compared to its average volume of 913,855. The stock’s 50-day simple moving average is C$15.82 and its two-hundred day simple moving average is C$15.09. 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$11.95 and a fifty-two week high of C$17.27. The stock has a market cap of C$3.11 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.30%. Peyto Exploration & Development’s payout ratio is 85.16%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PEY shares. BMO Capital Markets upped their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday. 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. National Bankshares raised their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. Finally, Atlantic Securities upped their price target on 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 research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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.