Todd Burdick Sells 21,693 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Senior Officer Todd Burdick sold 21,693 shares of the firm's stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$14.73, for a total transaction of C$319,537.89.

Todd Burdick also recently made the following trade(s):

• On Thursday, June 13th, Todd Burdick sold 9,803 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.26, for a total transaction of C$149,593.78.
• On Monday, June 10th, Todd Burdick sold 9,728 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.43, for a total transaction of C$150,103.04.

Peyto Exploration & Development Price Performance

Shares of TSE PEY traded up C$0.53 during trading on Monday, hitting C$14.79. The company had a trading volume of 908,884 shares, compared to its average volume of 859,958. The stock has a fifty day simple moving average of C$15.20 and a two-hundred day simple moving average of C$14.10. Peyto Exploration & Development Corp. has a fifty-two week low of C$10.61 and a fifty-two week high of C$15.99. The firm has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of -0.46 and a beta of 1.85. The company has a quick ratio of 0.32, a current ratio of 1.55 and a debt-to-equity ratio of 50.61.

Peyto Exploration & Development Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a $0.11 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.32 annualized dividend and a dividend yield of 8.92%. Peyto Exploration & Development's dividend payout ratio (DPR) is 81.48%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a "market perform" rating in a report on Monday, March 11th. Desjardins raised their target price on shares of Peyto Exploration & Development from C$13.50 to C$14.50 and gave the stock a "buy" rating in a report on Thursday, May 16th. Stifel Nicolaus raised their target price on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a "buy" rating in a report on Tuesday, April 23rd. Canaccord Genuity Group raised their target price on shares of Peyto Exploration & Development from C$17.00 to C$18.00 and gave the stock a "buy" rating in a report on Wednesday, May 15th. Finally, CIBC lifted their price objective on shares of Peyto Exploration & Development from C$16.00 to C$17.50 and gave the company an "outperform" rating in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$16.59.

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.