Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Buys C$52,470.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Riley Millar Frame acquired 3,300 shares of the company’s stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of C$15.90 per share, with a total value of C$52,470.00.

Peyto Exploration & Development Price Performance

Shares of PEY stock opened at C$15.47 on Thursday. The company has a market capitalization 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’s 50-day simple moving average is C$15.81 and its two-hundred day simple moving average is C$15.10. Peyto Exploration & Development Corp. has a one year low of C$11.95 and a one year high of C$17.27. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32.

Peyto Exploration & Development Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.11 per share. 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 payout ratio is currently 85.16%.

Wall Street Analysts Forecast Growth

PEY has been the subject of several analyst reports. Atlantic Securities raised 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 report on Monday, October 7th. National Bankshares raised their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. TD Securities dropped their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, BMO Capital Markets increased their price target on Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday, December 13th. One investment 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 stock. According to MarketBeat, Peyto Exploration & Development presently has an average rating of “Buy” and a consensus target price 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.