Stephen Jonathan Chetner Acquires 4,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner bought 4,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of C$15.31 per share, for a total transaction of C$61,244.00.

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

• On Wednesday, October 9th, Stephen Jonathan Chetner sold 1,429 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.77, for a total transaction of C$22,535.33.
• On Monday, October 7th, Stephen Jonathan Chetner sold 1,070 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.22, for a total transaction of C$17,355.40.
• On Tuesday, September 17th, Stephen Jonathan Chetner sold 3,831 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.80, for a total transaction of C$56,698.80.

Peyto Exploration & Development Stock Performance

PEY opened at C$15.54 on Thursday. Peyto Exploration & Development Corp. has a 1-year low of C$11.09 and a 1-year high of C$16.32. The stock has a market cap of C$3.04 billion, a P/E ratio of 10.03, a P/E/G ratio of -0.46 and a beta of 1.75. The stock’s 50 day simple moving average is C$14.97 and its 200 day simple moving average is C$14.94. 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 (TSE:PEY) last posted its earnings results on Tuesday, August 13th. The company reported C$0.26 EPS for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.01). Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%. The firm had revenue of C$256.55 million for the quarter, compared to analysts’ expectations of C$257.10 million.

Peyto Exploration & Development Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 8.49%. Peyto Exploration & Development’s payout ratio is 85.16%.

Analysts Set New Price Targets

PEY has been the subject of several analyst reports. TD Securities reduced their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. National Bankshares upped their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. CIBC lowered their price objective on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. Finally, Atlantic Securities upped their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, October 7th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Buy” and an average target price of C$17.60.

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.