Stephen Jonathan Chetner Buys 4,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner purchased 4,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was acquired at an average price of C$15.31 per share, with a total value of C$61,244.00.

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

• On Wednesday, October 9th, Stephen Jonathan Chetner sold 1,429 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.77, for a total value of C$22,535.33.
• On Monday, October 7th, Stephen Jonathan Chetner sold 1,070 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.22, for a total value 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 value of C$56,698.80.

Peyto Exploration & Development Stock Performance

TSE:PEY opened at C$15.43 on Wednesday. The stock’s fifty day moving average is C$14.95 and its 200 day moving average is C$14.94. Peyto Exploration & Development Corp. has a fifty-two week low of C$11.09 and a fifty-two week high of C$16.32. The firm has a market capitalization of C$3.02 billion, a PE ratio of 9.95, a PEG ratio of -0.46 and a beta of 1.75. 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 (TSE:PEY) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.01). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%. The company had revenue of C$256.55 million for the quarter, compared to analysts’ expectations of C$257.10 million.

Peyto Exploration & Development Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 8.55%. Peyto Exploration & Development’s payout ratio is 85.16%.

Wall Street Analyst Weigh In

PEY has been the subject of a number of research reports. National Bankshares increased their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. Atlantic Securities increased their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Monday, October 7th. CIBC lowered their target price on Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. Finally, TD Securities lowered their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Peyto Exploration & Development presently has an average rating of “Buy” and an average price target 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.