Insider Selling: Peyto Exploration & Development Corp (TSE:PEY) Director Sells 10,000 Shares of Stock

Peyto Exploration & Development Corp (TSE:PEY) Director Stephen Jonathan Chetner sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of C$18.88, for a total transaction of C$188,800.00.

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

  • On Monday, August 14th, Stephen Jonathan Chetner sold 9,500 shares of Peyto Exploration & Development Corp stock. The stock was sold at an average price of C$19.95, for a total transaction of C$189,525.00.

Peyto Exploration & Development Corp (TSE PEY) opened at 17.26 on Friday. The firm has a market cap of $2.85 billion and a PE ratio of 20.12. Peyto Exploration & Development Corp has a 52-week low of $16.71 and a 52-week high of $35.64. The firm has a 50-day moving average of $19.99 and a 200-day moving average of $22.60.

The business also recently disclosed a monthly dividend, which was paid on Friday, October 13th. Investors of record on Saturday, September 30th were given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date was Thursday, September 28th.

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PEY has been the subject of a number of research reports. Scotiabank reaffirmed an “outperform” rating and set a C$36.00 target price on shares of Peyto Exploration & Development Corp in a report on Tuesday, July 4th. Royal Bank Of Canada dropped their target price on shares of Peyto Exploration & Development Corp from C$40.00 to C$34.00 in a report on Thursday, July 20th. Barclays PLC dropped their price objective on shares of Peyto Exploration & Development Corp from C$30.00 to C$26.00 in a report on Monday, July 24th. BMO Capital Markets lowered shares of Peyto Exploration & Development Corp from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$30.00 to C$23.00 in a report on Tuesday, October 10th. Finally, National Bank Financial dropped their price objective on shares of Peyto Exploration & Development Corp from C$29.00 to C$22.00 and set an “outperform” rating for the company in a report on Friday, October 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$32.41.

About Peyto Exploration & Development Corp

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.

Insider Buying and Selling by Quarter for Peyto Exploration & Development Corp (TSE:PEY)

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