Lee Russell Curran Sells 31,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran sold 31,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$17.04, for a total value of C$528,314.40.

Peyto Exploration & Development Trading Up 0.2 %

Shares of PEY traded up C$0.03 on Friday, hitting C$17.11. 761,859 shares of the stock traded hands, compared to its average volume of 920,403. Peyto Exploration & Development Corp. has a 1 year low of C$11.09 and a 1 year high of C$17.27. The stock’s 50 day moving average is C$15.32 and its two-hundred day moving average is C$14.97. The firm has a market capitalization of C$3.35 billion, a P/E ratio of 11.02, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02.

Peyto Exploration & Development Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 7.71%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is 85.16%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEY. Atlantic Securities upped 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. 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, National Bankshares boosted their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$17.60.

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.