Peyto Exploration & Development Corp. (TSE:PEY) Director Sells C$56,698.80 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 3,831 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$14.80, for a total transaction of C$56,698.80.

Stephen Jonathan Chetner also recently made the following trade(s):

• On Thursday, July 18th, Stephen Jonathan Chetner sold 2,700 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.29, for a total transaction of C$38,583.00.
• On Wednesday, June 19th, Stephen Jonathan Chetner sold 2,700 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.55, for a total transaction of C$39,285.00.

Peyto Exploration & Development Price Performance

Shares of TSE PEY traded up C$0.25 during trading on Tuesday, hitting C$14.79. The company had a trading volume of 1,134,477 shares, compared to its average volume of 869,809. The stock has a fifty day simple moving average of C$14.44 and a two-hundred day simple moving average of C$14.79. Peyto Exploration & Development Corp. has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.99. The firm has a market capitalization of C$2.89 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of -0.46 and a beta of 1.76. 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 (TSE:PEY) last announced its earnings results on Tuesday, August 13th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.27 by C($0.01). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%. The company had revenue of C$256.55 million during the quarter, compared to analyst estimates of C$257.10 million.

Peyto Exploration & Development Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 8.92%. The ex-dividend date of this dividend is Monday, September 30th. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

Analyst Ratings Changes

PEY has been the subject of a number of research analyst reports. Scotiabank raised shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 14th. CIBC decreased their price target on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a report on Monday, July 15th. Finally, TD Securities raised shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 21st. Two 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 stock. Based on data from MarketBeat, Peyto Exploration & Development currently has a consensus rating of “Buy” and an average target price of C$16.55.

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.