Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Buys C$52,470.00 in Stock

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

Peyto Exploration & Development Price Performance

PEY stock opened at C$15.47 on Thursday. Peyto Exploration & Development Corp. has a 52 week low of C$11.95 and a 52 week high of C$17.27. The firm has a market capitalization of C$3.02 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company has a fifty day simple moving average of C$15.81 and a two-hundred day simple moving average of C$15.10. 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 declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s payout ratio is 85.16%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PEY. Atlantic Securities increased their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report 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 research report on Tuesday, October 1st. BMO Capital Markets lifted their price target on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday, December 13th. Finally, National Bankshares boosted their price target on shares of 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 assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target 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.