Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick Sells 21,693 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick sold 21,693 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$14.73, for a total value of C$319,537.89.

Todd Burdick also recently made the following trade(s):

• On Thursday, June 13th, Todd Burdick sold 9,803 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.26, for a total value of C$149,593.78.
• On Monday, June 10th, Todd Burdick sold 9,728 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.43, for a total value of C$150,103.04.

Peyto Exploration & Development Price Performance

PEY opened at C$14.66 on Thursday. The stock’s 50-day moving average price is C$15.19 and its 200 day moving average price is C$14.14. Peyto Exploration & Development Corp. has a 12-month low of C$10.65 and a 12-month high of C$15.99. The company has a current ratio of 1.55, a quick ratio of 0.32 and a debt-to-equity ratio of 50.61. The firm has a market cap of C$2.85 billion, a price-to-earnings ratio of 9.05, a PEG ratio of -0.46 and a beta of 1.85.

Peyto Exploration & Development Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 9.00%. The ex-dividend date is Friday, June 28th. Peyto Exploration & Development’s payout ratio is 81.48%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. CIBC upped their target price on Peyto Exploration & Development from C$16.00 to C$17.50 and gave the company an “outperform” rating in a report on Wednesday, May 15th. TD Securities upgraded Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 21st. Desjardins increased their price target on Peyto Exploration & Development from C$13.50 to C$14.50 and gave the stock a “buy” rating in a report on Thursday, May 16th. Scotiabank upgraded Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 14th. Finally, Stifel Nicolaus increased their price target on Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$16.59.

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.