Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells 21,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson sold 21,000 shares of Peyto Exploration & Development stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$15.57, for a total value of C$326,900.70.

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

• On Tuesday, September 24th, Tavis Aaron Carlson acquired 675 shares of Peyto Exploration & Development stock. The shares were bought at an average price of C$15.00 per share, with a total value of C$10,125.00.
• On Friday, September 13th, Tavis Aaron Carlson sold 20,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.50, for a total value of C$290,000.00.

Peyto Exploration & Development Stock Performance

Shares of Peyto Exploration & Development stock opened at C$15.75 on Tuesday. The business has a 50-day simple moving average of C$15.18 and a 200 day simple moving average of C$14.95. The firm has a market capitalization of C$3.08 billion, a price-to-earnings ratio of 10.16, a PEG 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 one year low of C$11.09 and a one year high of C$16.32.

Peyto Exploration & Development Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s payout ratio is 85.16%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PEY. National Bankshares boosted their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. 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. Finally, Atlantic Securities increased 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, October 7th. 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. According to data from MarketBeat, Peyto Exploration & Development presently has a consensus rating of “Buy” and a consensus 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.