Insider Buying: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Purchases C$50,002.70 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Derick Nathan Czember acquired 3,470 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average cost of C$14.41 per share, for a total transaction of C$50,002.70.

Derick Nathan Czember also recently made the following trade(s):

• On Tuesday, June 18th, Derick Nathan Czember sold 27,064 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.85, for a total transaction of C$401,900.40.

Peyto Exploration & Development Stock Down 1.0 %

PEY opened at C$14.26 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.55 and a debt-to-equity ratio of 50.61. The firm has a 50 day moving average price of C$15.20 and a 200-day moving average price of C$14.08. Peyto Exploration & Development Corp. has a twelve month low of C$10.38 and a twelve month high of C$15.99. The stock has a market capitalization of C$2.77 billion, a price-to-earnings ratio of 8.80, a PEG ratio of -0.46 and a beta of 1.85.

Peyto Exploration & Development Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.32 annualized dividend and a dividend yield of 9.26%. Peyto Exploration & Development’s payout ratio is 81.48%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. CIBC boosted their price objective on shares of Peyto Exploration & Development from C$16.00 to C$17.50 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Stifel Nicolaus upped 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 research note on Tuesday, April 23rd. Scotiabank upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 14th. Canaccord Genuity Group upped 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 research note on Wednesday, May 15th. Finally, Desjardins upped 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 research note on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price 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.