Lee Russell Curran Sells 31,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran sold 31,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$17.04, for a total transaction of C$528,314.40.

Peyto Exploration & Development Trading Up 0.5 %

TSE PEY opened at C$17.16 on Monday. The stock has a market capitalization of C$3.36 billion, a P/E ratio of 11.07, a P/E/G ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 52-week low of C$11.09 and a 52-week high of C$17.27. The firm has a 50-day moving average price of C$15.38 and a 200 day moving average price of C$14.98. 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 Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 annualized dividend and a yield of 7.69%. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PEY. National Bankshares increased their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. TD Securities decreased their target price on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, Atlantic Securities increased their target price 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. One equities research analyst has 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.com, the company has an average rating of “Buy” and a consensus target price of C$17.60.

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.