Todd Burdick Acquires 2,150 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick acquired 2,150 shares of Peyto Exploration & Development stock in a transaction dated Tuesday, January 21st. The shares were bought at an average price of C$16.35 per share, for a total transaction of C$35,153.58.

Todd Burdick also recently made the following trade(s):

• On Friday, January 3rd, Todd Burdick sold 24,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$17.16, for a total transaction of C$411,888.00.

Peyto Exploration & Development Trading Up 0.2 %

Shares of PEY traded up C$0.04 during midday trading on Tuesday, hitting C$16.54. The stock had a trading volume of 285,061 shares, compared to its average volume of 803,968. The stock’s 50 day moving average is C$16.45 and its 200 day moving average is C$15.38. The firm has a market cap of C$3.23 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. 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 1 year low of C$12.41 and a 1 year high of C$17.57.

Analysts Set New Price Targets

PEY has been the topic of several research analyst reports. 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. TD Securities dropped their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Atlantic Securities lifted their price objective on 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. CIBC upped their price objective on Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday. Finally, BMO Capital Markets raised their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$17.85.

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.