Derick Nathan Czember Sells 35,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Derick Nathan Czember sold 35,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of C$14.75, for a total value of C$516,250.00.

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

• On Friday, July 19th, Derick Nathan Czember sold 21,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.22, for a total value of C$298,620.00.
• On Thursday, June 20th, Derick Nathan Czember purchased 3,470 shares of Peyto Exploration & Development stock. The stock was acquired at an average cost of C$14.41 per share, with a total value 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 Price Performance

Shares of PEY opened at C$14.57 on Friday. The company has a market capitalization of C$2.85 billion, a P/E ratio of 9.40, a P/E/G ratio of -0.46 and a beta of 1.77. The business’s 50-day moving average is C$14.54 and its two-hundred day moving average is C$14.74. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. Peyto Exploration & Development Corp. has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.99.

Peyto Exploration & Development Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 13th. Investors of record on Saturday, August 31st will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 9.06%. The ex-dividend date is Friday, August 30th. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

Analysts Set New Price Targets

A number of research firms recently commented on PEY. CIBC lowered their target price on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a research note on Monday, July 15th. Scotiabank raised shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 14th. Desjardins upped their target price on Peyto Exploration & Development from C$13.50 to C$14.50 and gave the company a “buy” rating in a research report on Thursday, May 16th. Canaccord Genuity Group lifted their price target on Peyto Exploration & Development from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, TD Securities raised Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Buy” and a consensus 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.