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

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

Peyto Exploration & Development Stock Down 0.2 %

Peyto Exploration & Development stock traded down C$0.04 during mid-day trading on Friday, reaching C$17.02. 897,640 shares of the company were exchanged, compared to its average volume of 985,714. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The firm has a market cap of C$3.33 billion, a P/E ratio of 10.98, a PEG ratio of -0.46 and a beta of 1.75. The business has a fifty day moving average of C$16.08 and a 200 day moving average of C$15.21. Peyto Exploration & Development Corp. has a 12-month low of C$12.41 and a 12-month high of C$17.27.

Peyto Exploration & Development Dividend Announcement

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

Wall Street Analysts Forecast Growth

PEY has been the subject of several research analyst reports. National Bankshares lifted their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. 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, December 13th. TD Securities lowered their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, 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 research report on Monday, October 7th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company 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.