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 Peyto Exploration & Development stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$17.04, for a total value of C$528,314.40.

Peyto Exploration & Development Stock Up 0.2 %

TSE:PEY traded up C$0.03 on Friday, reaching C$17.11. The stock had a trading volume of 761,859 shares, compared to its average volume of 920,403. The company has a 50-day moving average of C$15.32 and a 200 day moving average of C$14.97. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. The stock has a market cap of C$3.35 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 12-month low of C$11.09 and a 12-month high of C$17.27.

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 yield of 7.71%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PEY shares. 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. Atlantic Securities lifted their target price 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. Finally, National Bankshares increased their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a report 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.