Todd Burdick Sells 24,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick sold 24,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of C$17.16, for a total value of C$411,888.00.

Peyto Exploration & Development Stock Down 0.2 %

Shares of PEY opened at C$17.02 on Monday. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. Peyto Exploration & Development Corp. has a 52 week low of C$12.41 and a 52 week high of C$17.27. The stock has a market capitalization of C$3.33 billion, a price-to-earnings ratio of 10.98, a PEG ratio of -0.46 and a beta of 1.75. The stock has a fifty day moving average of C$16.08 and a 200-day moving average of C$15.20.

Peyto Exploration & Development Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 annualized dividend and a yield of 7.76%. Peyto Exploration & Development’s dividend payout ratio is presently 85.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PEY. National Bankshares boosted their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. TD Securities cut their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. BMO Capital Markets raised their target price on Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday, December 13th. Finally, Atlantic Securities boosted their price target on 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. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Buy” and a consensus target price 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.