Derick Nathan Czember Sells 21,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Derick Nathan Czember sold 21,000 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of C$14.22, for a total transaction of C$298,620.00.

Derick Nathan Czember also recently made the following trade(s):

• On Thursday, June 20th, Derick Nathan Czember bought 3,470 shares of Peyto Exploration & Development stock. The stock was purchased at an average cost of C$14.41 per share, for a total transaction of C$50,002.70.
• On Tuesday, June 18th, Derick Nathan Czember sold 27,064 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.85, for a total transaction of C$401,900.40.

Peyto Exploration & Development Stock Performance

Shares of TSE:PEY opened at C$14.71 on Wednesday. The company’s 50 day moving average price is C$14.95 and its two-hundred day moving average price is C$14.49. Peyto Exploration & Development Corp. has a 12-month low of C$11.09 and a 12-month high of C$15.99. The firm has a market cap of C$2.86 billion, a PE ratio of 9.08, a PEG ratio of -0.46 and a beta of 1.85. The company has a quick ratio of 0.32, a current ratio of 1.55 and a debt-to-equity ratio of 50.61.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings results on Wednesday, May 15th. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.63 by C($0.12). The firm had revenue of C$332.54 million for the quarter, compared to analyst estimates of C$358.90 million. Peyto Exploration & Development had a return on equity of 12.13% and a net margin of 34.53%. Equities research analysts predict that Peyto Exploration & Development Corp. will post 1.8527316 earnings per share for the current year.

Peyto Exploration & Development Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.97%. Peyto Exploration & Development’s dividend payout ratio is 81.48%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PEY shares. TD Securities upgraded shares of Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 21st. Stifel Nicolaus upped their price target on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Desjardins upped their price target on shares of Peyto Exploration & Development from C$13.50 to C$14.50 and gave the company a “buy” rating in a research note on Thursday, May 16th. Canaccord Genuity Group upped their price target on shares of Peyto Exploration & Development from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Finally, CIBC decreased their price target on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a research note on Monday, July 15th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price 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.