Tavis Aaron Carlson Sells 23,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson sold 23,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$15.94, for a total transaction of C$366,620.00.

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

• On Monday, November 18th, Tavis Aaron Carlson sold 21,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.57, for a total transaction of C$326,900.70.
• On Tuesday, September 24th, Tavis Aaron Carlson bought 675 shares of Peyto Exploration & Development stock. The stock was purchased at an average price of C$15.00 per share, for a total transaction of C$10,125.00.
• On Friday, September 13th, Tavis Aaron Carlson sold 20,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.50, for a total transaction of C$290,000.00.

Peyto Exploration & Development Price Performance

PEY stock traded up C$0.44 during trading on Wednesday, hitting C$16.18. The company had a trading volume of 1,265,871 shares, compared to its average volume of 914,920. The company has a fifty day moving average price of C$15.22 and a two-hundred day moving average price of C$14.95. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. The company has a market cap of C$3.16 billion, a P/E ratio of 10.15, a P/E/G ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a fifty-two week low of C$11.09 and a fifty-two week high of C$16.32.

Peyto Exploration & Development Announces Dividend

The business also recently disclosed 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 was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 8.16%. Peyto Exploration & Development’s dividend payout ratio is presently 85.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PEY. TD Securities dropped their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. 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. Finally, National Bankshares increased their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Peyto Exploration & Development presently has an average 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.