Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson Sells 25,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$17.35, for a total value of C$433,750.00.

Tavis Aaron Carlson also recently made the following trade(s):

• On Monday, December 30th, Tavis Aaron Carlson purchased 2,000 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$17.17 per share, with a total value of C$34,340.00.
• On Wednesday, December 18th, Tavis Aaron Carlson acquired 3,300 shares of Peyto Exploration & Development stock. The shares were bought at an average price of C$15.38 per share, for a total transaction of C$50,754.00.
• On Wednesday, December 4th, Tavis Aaron Carlson bought 3,260 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$15.90 per share, with a total value of C$51,834.00.
• On Wednesday, November 20th, Tavis Aaron Carlson sold 23,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.94, for a total value of C$366,620.00.
• On Monday, November 18th, Tavis Aaron Carlson sold 21,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.57, for a total transaction of C$326,900.70.

Peyto Exploration & Development Price Performance

Shares of PEY stock opened at C$17.26 on Thursday. The company has a market capitalization of C$3.37 billion, a PE ratio of 11.14, 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. The firm’s 50-day moving average is C$16.19 and its two-hundred day moving average is C$15.25. Peyto Exploration & Development Corp. has a 12 month low of C$12.41 and a 12 month high of C$17.49.

Peyto Exploration & Development Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.65%. Peyto Exploration & Development’s payout ratio is 85.16%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEY. National Bankshares lifted their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. BMO Capital Markets boosted their price objective on Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday, December 13th. Atlantic Securities raised their price target on shares of 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. Finally, TD Securities dropped their target price on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.