Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells 28,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Senior Officer Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$17.31, for a total value of C$484,806.00.

Lee Russell Curran also recently made the following trade(s):

• On Friday, November 22nd, Lee Russell Curran sold 31,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$17.04, for a total value of C$528,314.40.

Peyto Exploration & Development Trading Up 1.5 %

Shares of TSE PEY traded up C$0.25 during trading on Monday, hitting C$17.27. 990,382 shares of the company were exchanged, compared to its average volume of 987,270. The company has a fifty day moving average price of C$16.12 and a 200-day moving average price of C$15.22. 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 capitalization of C$3.38 billion, a PE ratio of 11.14, a P/E/G ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 12-month low of C$12.41 and a 12-month high of C$17.39.

Peyto Exploration & Development Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.64%. Peyto Exploration & Development's dividend payout ratio is currently 85.16%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PEY. TD Securities reduced 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. BMO Capital Markets upped their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. National Bankshares lifted their price objective on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, Atlantic Securities boosted their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an "outperform" rating in a research note on Monday, October 7th. One 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 company. According to MarketBeat.com, Peyto Exploration & Development has a consensus rating of "Buy" and an average 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.