Tavis Aaron Carlson Sells 21,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Tavis Aaron Carlson sold 21,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$15.57, for a total value of C$326,900.70.

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

• On Tuesday, September 24th, Tavis Aaron Carlson acquired 675 shares of Peyto Exploration & Development stock. The stock was acquired at an average price of C$15.00 per share, with a total value of C$10,125.00.
• 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.

Peyto Exploration & Development Trading Up 0.8 %

TSE:PEY traded up C$0.13 during mid-day trading on Monday, reaching C$15.75. The company’s stock had a trading volume of 909,573 shares, compared to its average volume of 915,244. The company’s fifty day simple moving average is C$15.15 and its two-hundred day simple moving average is C$14.95. 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 Corp. has a twelve month low of C$11.09 and a twelve month high of C$16.32. The stock has a market cap of C$3.08 billion, a P/E ratio of 10.08, a P/E/G ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 8.38%. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Atlantic Securities boosted 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 note on Monday, October 7th. TD Securities reduced their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, National Bankshares increased their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target 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.