Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson Buys 2,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson acquired 2,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of C$17.17 per share, with a total value of C$34,340.00.

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

• On Wednesday, December 18th, Tavis Aaron Carlson purchased 3,300 shares of Peyto Exploration & Development stock. The stock was bought at an average cost of C$15.38 per share, with a total value of C$50,754.00.
• On Wednesday, December 4th, Tavis Aaron Carlson acquired 3,260 shares of Peyto Exploration & Development stock. The stock was bought at an average cost 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 value 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 transaction of C$326,900.70.

Peyto Exploration & Development Price Performance

Shares of TSE:PEY opened at C$17.14 on Thursday. The business’s 50 day moving average is C$16.02 and its 200-day moving average is C$15.18. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. The firm has a market capitalization of C$3.35 billion, a PE ratio of 11.06, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 1-year low of C$12.00 and a 1-year high of C$17.27.

Peyto Exploration & Development Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 7.70%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PEY. Atlantic Securities raised their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research note on Monday, October 7th. National Bankshares raised their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. BMO Capital Markets lifted their price objective on Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. Finally, TD Securities decreased their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. One 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 company. Based on data from MarketBeat, Peyto Exploration & Development currently has an average rating of “Buy” and a consensus 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.