Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells C$401,900.40 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Derick Nathan Czember sold 27,064 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of C$14.85, for a total transaction of C$401,900.40.

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

• On Thursday, June 20th, Derick Nathan Czember acquired 3,470 shares of Peyto Exploration & Development stock. The shares were bought at an average cost of C$14.41 per share, with a total value of C$50,002.70.

Peyto Exploration & Development Stock Down 0.1 %

Peyto Exploration & Development stock opened at C$14.41 on Friday. The firm has a market capitalization of C$2.80 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of -0.46 and a beta of 1.85. The company has a debt-to-equity ratio of 50.61, a quick ratio of 0.32 and a current ratio of 1.55. Peyto Exploration & Development Corp. has a fifty-two week low of C$10.38 and a fifty-two week high of C$15.99. The stock’s fifty day moving average is C$15.21 and its two-hundred day moving average is C$14.06.

Peyto Exploration & Development Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, June 28th. This represents a $1.32 annualized dividend and a yield of 9.16%. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 81.48%.

Analyst Ratings Changes

A number of research firms recently weighed in on PEY. Canaccord Genuity Group lifted their price objective on shares of Peyto Exploration & Development from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. BMO Capital Markets increased their price target on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a report on Monday, March 11th. Desjardins lifted their price objective on Peyto Exploration & Development from C$13.50 to C$14.50 and gave the company a “buy” rating in a report on Thursday, May 16th. CIBC increased their target price on 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. Finally, Scotiabank upgraded Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 14th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$16.59.

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.