Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Buys $451,050.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY – Get Your Free Report ) COO Riley Millar Frame purchased 31,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $14.55 per share, for a total transaction of $451,050.00.

Riley Millar Frame also recently traded:

• On Tuesday, August 20th Riley Millar Frame sold 29,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of $14.56, for a total value of $429,579.00.

Peyto Exploration and Development Price Performance

Shares of PEY stock opened at $14.68 on Friday. The firm has a market cap of $2.87 billion, a PE ratio of 9.47, a P/E/G ratio of -0.46 and a beta of 1.77. 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 firm has a fifty day simple moving average of $14.53 and a two hundred day simple moving average of $14.67. Peyto Exploration & Development Corp. has a 1 year low of $11.09 and a 1 year high of $15.99.

Peyto Exploration & Development announces dividend

The company also recently announced a monthly dividend, which will be paid on Friday, September 13th. Stockholders of record on Saturday, August 31st will be given a dividend of $0.11 per share. The ex-dividend date is Friday, August 30. This represents a dividend of $1.32 on an annualized basis and a yield of 8.99%. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

The Wall Street analyst weighs in

A number of brokerages have recently commented on PEY. Scotiabank raised Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 14th. CIBC cut their price objective on Peyto Exploration & Development from $17.50 to $17.00 in a research report on Monday, July 15th. Canaccord Genuity Group boosted their price objective on Peyto Exploration & Development from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. TD Securities raised Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 21st. Finally, Desjardins boosted their price objective on Peyto Exploration & Development from $13.50 to $14.50 and gave the company a “buy” rating in a research report on Thursday, May 16th . Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Peyto Exploration & Development currently has an average rating of “Buy” and an average price target of $16.55.

See the latest stock analysis on Peyto Exploration & Development

About Peyto Exploration & Development

(Get a free report)

Peyto Exploration & Development Corp., an energy company, is engaged in the exploration, development and production of natural gas, oil and natural gas liquids in the Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

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