Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson Sells 25,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson sold 25,000 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$17.35, for a total transaction of C$433,750.00.

Tavis Aaron Carlson also recently made the following trade(s):

• On Monday, December 30th, Tavis Aaron Carlson acquired 2,000 shares of Peyto Exploration & Development stock. The stock was acquired at an average price of C$17.17 per share, for a total transaction of C$34,340.00.
• On Wednesday, December 18th, Tavis Aaron Carlson purchased 3,300 shares of Peyto Exploration & Development stock. The stock was acquired at an average cost of C$15.38 per share, with a total value of C$50,754.00.
• On Wednesday, December 4th, Tavis Aaron Carlson acquired 3,260 shares of Peyto Exploration & Development stock. The shares were bought at an average cost of C$15.90 per share, for a total transaction of C$51,834.00.
• On Wednesday, November 20th, Tavis Aaron Carlson sold 23,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.94, for a total transaction of C$366,620.00.
• On Monday, November 18th, Tavis Aaron Carlson sold 21,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.57, for a total transaction of C$326,900.70.

Peyto Exploration & Development Price Performance

Shares of Peyto Exploration & Development stock opened at C$17.26 on Thursday. The company has a market capitalization of C$3.37 billion, a price-to-earnings ratio of 11.14, a PEG ratio of -0.46 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The stock’s 50-day simple moving average is C$16.19 and its 200-day simple moving average is C$15.25. Peyto Exploration & Development Corp. has a 52 week low of C$12.41 and a 52 week high of C$17.49.

Peyto Exploration & Development Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid 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 7.65%. Peyto Exploration & Development’s payout ratio is 85.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PEY shares. TD Securities dropped their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Atlantic Securities increased their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Monday, October 7th. BMO Capital Markets increased their target price on Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. Finally, National Bankshares upped their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. One investment 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.com, Peyto Exploration & Development has an average rating of “Buy” and an average target price of C$17.70.

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.