Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Riley Millar Frame Buys 3,300 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Riley Millar Frame acquired 3,300 shares of Peyto Exploration & Development stock in a transaction on Monday, December 16th. The shares were bought at an average cost of C$15.90 per share, for a total transaction of C$52,470.00.

Peyto Exploration & Development Trading Down 1.8 %

PEY stock traded down C$0.29 during mid-day trading on Monday, reaching C$15.90. The company had a trading volume of 884,892 shares, compared to its average volume of 913,855. The company has a market capitalization of C$3.11 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The firm has a 50 day moving average of C$15.82 and a 200 day moving average of C$15.09. Peyto Exploration & Development Corp. has a 12 month low of C$11.95 and a 12 month high of C$17.27. 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 Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders 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 yield of 8.30%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Atlantic Securities boosted their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, October 7th. BMO Capital Markets boosted their price objective on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday. TD Securities lowered 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 upped their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$17.70.

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.