Peyto Exploration & Development Corp. (TSE:PEY) Director Sells C$22,535.33 in Stock

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Director Stephen Jonathan Chetner sold 1,429 shares of the firm's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$15.77, for a total transaction of C$22,535.33.

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

• On Monday, October 7th, Stephen Jonathan Chetner sold 1,070 shares of Peyto Exploration & Development stock. The stock was 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 transaction of C$56,698.80.
• On Thursday, July 18th, Stephen Jonathan Chetner sold 2,700 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.29, for a total transaction of C$38,583.00.

Peyto Exploration & Development Trading Down 0.2 %

TSE:PEY traded down C$0.03 on Wednesday, reaching C$15.70. The stock had a trading volume of 1,080,513 shares, compared to its average volume of 924,337. Peyto Exploration & Development Corp. has a 12-month low of C$11.09 and a 12-month high of C$16.32. The company has a market cap of C$3.07 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of -0.46 and a beta of 1.75. The firm's fifty day moving average is C$14.66 and its two-hundred day moving average is C$14.89. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.27 by C($0.01). The firm had revenue of C$256.55 million for the quarter, compared to analysts' expectations of C$257.10 million. Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%.

Peyto Exploration & Development Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.41%. The ex-dividend date of this dividend is Friday, September 27th. Peyto Exploration & Development's dividend payout ratio is currently 85.16%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PEY. Scotiabank upgraded shares of Peyto Exploration & Development to a "strong-buy" rating in a research report on Friday, June 14th. Atlantic Securities upped their price target on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an "outperform" rating in a report on Monday. TD Securities dropped their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. CIBC decreased their target price on Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. Finally, National Bankshares raised their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a research 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$17.60.

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.