Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Acquires C$34,340.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Senior Officer Tavis Aaron Carlson purchased 2,000 shares of the business's stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of C$17.17 per share, for a total transaction of C$34,340.00.

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

• On Wednesday, December 18th, Tavis Aaron Carlson bought 3,300 shares of Peyto Exploration & Development stock. The stock was acquired at an average price of C$15.38 per share, with a total value of C$50,754.00.
• On Wednesday, December 4th, Tavis Aaron Carlson bought 3,260 shares of Peyto Exploration & Development stock. The shares were bought at an average cost of C$15.90 per share, with a total value of C$51,834.00.
• On Wednesday, November 20th, Tavis Aaron Carlson sold 23,000 shares of Peyto Exploration & Development stock. The shares were 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 stock was sold at an average price of C$15.57, for a total value of C$326,900.70.

Peyto Exploration & Development Price Performance

PEY stock traded up C$0.04 during midday trading on Tuesday, reaching C$17.14. 601,901 shares of the stock were exchanged, compared to its average volume of 906,857. The stock has a market capitalization of C$3.35 billion, a PE ratio of 11.06, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. The company has a fifty day moving average price of C$15.94 and a 200 day moving average price of C$15.15. Peyto Exploration & Development Corp. has a 52 week low of C$12.00 and a 52 week high of C$17.27.

Peyto Exploration & Development Dividend Announcement

The company also recently declared 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 7.70%. Peyto Exploration & Development's payout ratio is 85.16%.

Wall Street Analysts Forecast Growth

PEY has been the topic of several analyst reports. TD Securities lowered their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Atlantic Securities raised their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an "outperform" rating in a research report on Monday, October 7th. BMO Capital Markets boosted their target price on Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. Finally, National Bankshares increased their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target 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.