Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson Buys 3,300 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson acquired 3,300 shares of Peyto Exploration & Development stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of C$15.38 per share, for a total transaction of C$50,754.00.

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

• On Wednesday, December 4th, Tavis Aaron Carlson bought 3,260 shares of Peyto Exploration & Development stock. The shares were acquired at an average cost of C$15.90 per share, with a total value 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 shares were sold at an average price of C$15.57, for a total value of C$326,900.70.
• On Tuesday, September 24th, Tavis Aaron Carlson purchased 675 shares of Peyto Exploration & Development stock. The shares were acquired at an average price of C$15.00 per share, with a total value of C$10,125.00.

Peyto Exploration & Development Price Performance

Shares of Peyto Exploration & Development stock traded down C$0.26 on Wednesday, hitting C$15.47. 721,490 shares of the company traded hands, compared to its average volume of 912,867. Peyto Exploration & Development Corp. has a 12-month low of C$11.95 and a 12-month high of C$17.27. The firm’s 50-day simple moving average is C$15.81 and its 200 day simple moving average is C$15.10. The company has a market cap of C$3.02 billion, a P/E ratio of 9.98, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02.

Peyto Exploration & Development Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 8.53%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 85.16%.

Analysts Set New Price Targets

Several analysts have recently commented on PEY shares. TD Securities lowered their price objective 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 objective on Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday, December 13th. National Bankshares upped their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, Atlantic Securities lifted their target price 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. 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 MarketBeat, the stock presently has an average rating of “Buy” and an average price target 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.