Peyto Exploration & Development Corp. (TSE:PEY) Director Sells C$542,070.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 31,700 shares of Peyto Exploration & Development stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of C$17.10, for a total value of C$542,070.00.

Jean-Paul Henri Lachance also recently made the following trade(s):

• On Thursday, December 19th, Jean-Paul Henri Lachance purchased 5,000 shares of Peyto Exploration & Development stock. The stock was purchased at an average price of C$15.50 per share, for a total transaction of C$77,500.00.
• On Thursday, December 5th, Jean-Paul Henri Lachance sold 54,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.00, for a total value of C$864,000.00.
• On Thursday, November 28th, Jean-Paul Henri Lachance sold 4,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.75, for a total transaction of C$75,375.00.
• On Thursday, November 21st, Jean-Paul Henri Lachance sold 30,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.95, for a total transaction of C$508,548.00.

Peyto Exploration & Development Price Performance

Shares of PEY opened at C$16.39 on Friday. The stock has a 50 day simple moving average of C$16.41 and a 200 day simple moving average of C$15.35. Peyto Exploration & Development Corp. has a 52-week low of C$12.41 and a 52-week high of C$17.57. 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 firm has a market capitalization of C$3.20 billion, a PE ratio of 10.57, a P/E/G ratio of -0.46 and a beta of 1.75.

Analyst Upgrades and Downgrades

Several brokerages have commented on PEY. National Bankshares upped their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. Atlantic Securities raised their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Monday, October 7th. BMO Capital Markets boosted their target price on Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday. Finally, TD Securities cut their price target on shares of 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, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Peyto Exploration & Development has a consensus rating of “Buy” and a consensus price target of C$17.80.

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.