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 firm’s stock in a transaction on Monday, January 6th. The shares were 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 value of C$528,314.40.

Peyto Exploration & Development Stock Down 0.6 %

Shares of TSE:PEY opened at C$17.26 on Thursday. The company’s fifty day moving average is C$16.19 and its two-hundred day moving average is C$15.25. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. Peyto Exploration & Development Corp. has a 1-year low of C$12.41 and a 1-year high of C$17.49. The stock has a market capitalization of C$3.37 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s payout ratio is 85.16%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PEY shares. National Bankshares increased their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. TD Securities reduced their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. BMO Capital Markets lifted their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. Finally, Atlantic Securities increased 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. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Peyto Exploration & Development currently has an average 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.