Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Director Sells 4,797 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Director Stephen Jonathan Chetner sold 4,797 shares of Peyto Exploration & Development stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$15.82, for a total transaction of C$75,907.73.

Stephen Jonathan Chetner also recently made the following trade(s):

• On Thursday, December 12th, Stephen Jonathan Chetner sold 2,565 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.44, for a total transaction of C$42,166.55.
• On Monday, October 28th, Stephen Jonathan Chetner bought 4,000 shares of Peyto Exploration & Development stock. The shares were bought at an average cost of C$15.31 per share, with a total value of C$61,244.00.
• On Wednesday, October 9th, Stephen Jonathan Chetner sold 1,429 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.77, for a total value of C$22,535.33.
• On Monday, October 7th, Stephen Jonathan Chetner sold 1,070 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.22, for a total value of C$17,355.40.
• On Tuesday, September 17th, Stephen Jonathan Chetner sold 3,831 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.80, for a total value of C$56,698.80.

Peyto Exploration & Development Price Performance

Shares of Peyto Exploration & Development stock traded down C$0.29 on Monday, hitting C$15.90. The company had a trading volume of 884,892 shares, compared to its average volume of 913,855. Peyto Exploration & Development Corp. has a 52 week low of C$11.95 and a 52 week 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. The company has a market cap of C$3.11 billion, a PE ratio of 10.26, a PEG ratio of -0.46 and a beta of 1.75. The business has a 50-day simple moving average of C$15.82 and a 200-day simple moving average of C$15.09.

Peyto Exploration & Development Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 8.30%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development's dividend payout ratio (DPR) is presently 85.16%.

Wall Street Analyst Weigh In

PEY has been the subject of several analyst reports. Atlantic Securities boosted their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an "outperform" rating in a report on Monday, October 7th. TD Securities reduced their target price on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. BMO Capital Markets raised their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday. Finally, National Bankshares lifted their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, 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.

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