Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Buys C$10,125.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson purchased 675 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were purchased at an average cost of C$15.00 per share, for a total transaction of C$10,125.00.

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

• 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 transaction of C$290,000.00.
• On Friday, July 12th, Tavis Aaron Carlson bought 100 shares of Peyto Exploration & Development stock. The shares were purchased at an average cost of C$14.92 per share, for a total transaction of C$1,492.00.

Peyto Exploration & Development Trading Down 1.3 %

Shares of PEY opened at C$14.65 on Friday. Peyto Exploration & Development Corp. has a 52-week low of C$11.09 and a 52-week high of C$15.99. The stock has a market cap of C$2.86 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of -0.46 and a beta of 1.76. The firm’s fifty day moving average is C$14.46 and its two-hundred day moving average is C$14.82. 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 posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.26 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.01). The business had revenue of C$256.55 million for the quarter, compared to analyst estimates of C$257.10 million. Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%. Research analysts forecast that Peyto Exploration & Development Corp. will post 2.5599315 earnings per share for the current fiscal year.

Peyto Exploration & Development Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.11 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.01%. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TD Securities upgraded Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 21st. CIBC cut their price objective on Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. Finally, Scotiabank upgraded Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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.