Peyto Exploration & Development Corp. (TSE:PEY) Director Sells C$864,000.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 54,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$16.00, for a total value of C$864,000.00.

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

• 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 value of C$75,375.00.
• On Thursday, November 21st, Jean-Paul Henri Lachance sold 30,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.95, for a total value of C$508,548.00.
• On Monday, September 23rd, Jean-Paul Henri Lachance sold 16,600 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.10, for a total value of C$250,660.00.
• On Monday, September 9th, Jean-Paul Henri Lachance sold 23,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.00, for a total value of C$329,000.00.

Peyto Exploration & Development Trading Up 1.7 %

Shares of PEY traded up C$0.27 during trading hours on Thursday, hitting C$16.24. The stock had a trading volume of 286,407 shares, compared to its average volume of 911,666. The company’s fifty day simple moving average is C$15.67 and its 200 day simple moving average is C$15.05. 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 12-month low of C$11.09 and a 12-month high of C$17.27. The firm has a market cap of C$3.18 billion, a P/E ratio of 10.30, a P/E/G ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.13%. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 85.16%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. TD Securities lowered their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. National Bankshares increased their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, Atlantic Securities increased their price target on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Monday, October 7th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.