Insider Buying: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Purchases 3,300 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson acquired 3,300 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was acquired 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 purchased 3,260 shares of Peyto Exploration & Development stock. The stock was acquired at an average price 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 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 bought at an average cost of C$15.00 per share, with a total value of C$10,125.00.

Peyto Exploration & Development Trading Down 1.7 %

Shares of PEY stock opened at C$15.47 on Thursday. Peyto Exploration & Development Corp. has a 12-month low of C$11.95 and a 12-month high of C$17.27. The company has a market capitalization of C$3.02 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The firm has a 50 day moving average price of C$15.81 and a two-hundred day moving average price of C$15.10. The company has a quick ratio of 0.32, a current ratio of 1.15 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. Investors of record on Thursday, October 31st were paid a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 annualized dividend and a yield of 8.53%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PEY. BMO Capital Markets upped their price objective on Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. TD Securities dropped their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. National Bankshares lifted their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. Finally, Atlantic Securities boosted their price objective 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 investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Buy” and an average price target of C$17.70.

Peyto Exploration & Development Company Profile

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.