Stephen Jonathan Chetner Sells 2,565 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 2,565 shares of Peyto Exploration & Development stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$16.44, for a total transaction of C$42,166.55.

Stephen Jonathan Chetner also recently made the following trade(s):

• On Monday, October 28th, Stephen Jonathan Chetner purchased 4,000 shares of Peyto Exploration & Development stock. The stock was acquired at an average price of C$15.31 per share, for a total transaction of C$61,244.00.
• On Wednesday, October 9th, Stephen Jonathan Chetner sold 1,429 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.77, for a total transaction of C$22,535.33.
• On Monday, October 7th, Stephen Jonathan Chetner sold 1,070 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.22, for a total transaction of C$17,355.40.
• On Tuesday, September 17th, Stephen Jonathan Chetner sold 3,831 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.80, for a total transaction of C$56,698.80.

Peyto Exploration & Development Price Performance

TSE PEY traded down C$0.41 during trading on Thursday, reaching C$16.36. 458,474 shares of the company traded hands, compared to its average volume of 912,103. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The stock’s 50 day moving average price is C$15.81 and its two-hundred day moving average price is C$15.08. The company has a market cap of C$3.20 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 1-year low of C$11.37 and a 1-year high of C$17.27.

Peyto Exploration & Development Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s payout ratio is 85.16%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PEY shares. National Bankshares raised their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. 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. Finally, TD Securities dropped their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Peyto Exploration & Development presently has an average rating of “Buy” and an average 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.