Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson Sells 21,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson sold 21,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$15.57, for a total value of C$326,900.70.

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

• On Tuesday, September 24th, Tavis Aaron Carlson acquired 675 shares of Peyto Exploration & Development stock. The shares were purchased at an average cost of C$15.00 per share, with a total value 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 Trading Up 0.8 %

Shares of PEY stock opened at C$15.75 on Tuesday. Peyto Exploration & Development Corp. has a twelve month low of C$11.09 and a twelve month high of C$16.32. The stock’s fifty day simple moving average is C$15.18 and its 200 day simple moving average is C$14.95. 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 firm has a market capitalization of C$3.08 billion, a P/E ratio of 10.16, a P/E/G ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 8.38%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PEY. 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 report on Monday, October 7th. National Bankshares upped their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. Finally, TD Securities decreased their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. One equities 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target 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.