Stephen Jonathan Chetner Purchases 4,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Director Stephen Jonathan Chetner bought 4,000 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of C$15.31 per share, with a total value of C$61,244.00.

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

• On Wednesday, October 9th, Stephen Jonathan Chetner sold 1,429 shares of Peyto Exploration & Development stock. The shares were 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 transaction 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.

Peyto Exploration & Development Stock Down 1.3 %

Shares of PEY traded down C$0.21 during mid-day trading on Monday, reaching C$15.35. The company's stock had a trading volume of 674,181 shares, compared to its average volume of 916,451. The stock has a market cap of C$3.00 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. 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 Corp. has a 12-month low of C$11.09 and a 12-month high of C$16.32. The company's 50 day moving average is C$14.93 and its 200 day moving average is C$14.94.

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

Peyto Exploration & Development Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.60%. Peyto Exploration & Development's dividend payout ratio is presently 85.16%.

Analysts Set New Price Targets

Several analysts have commented on PEY shares. CIBC lowered their price objective on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a report on Monday, July 15th. Atlantic Securities raised their target price on 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. TD Securities lowered their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Finally, National Bankshares upped their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$17.60.

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.

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