Jean-Paul Henri Lachance Purchases 5,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance purchased 5,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of C$15.50 per share, with a total value of C$77,500.00.

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

• On Thursday, December 5th, Jean-Paul Henri Lachance sold 54,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.00, for a total transaction of C$864,000.00.
• On Thursday, November 28th, Jean-Paul Henri Lachance sold 4,500 shares of Peyto Exploration & Development stock. The shares were 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.
• 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 transaction of C$250,660.00.

Peyto Exploration & Development Price Performance

Shares of TSE:PEY opened at C$15.64 on Monday. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The company has a market cap of C$3.06 billion, a P/E ratio of 10.09, a PEG ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 52 week low of C$11.95 and a 52 week high of C$17.27. The company has a 50-day moving average price of C$15.80 and a 200 day moving average price of C$15.10.

Peyto Exploration & Development Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given 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 yield of 8.44%. Peyto Exploration & Development’s payout ratio is currently 85.16%.

Analyst Ratings Changes

PEY has been the subject of a number of research reports. Atlantic Securities boosted their price target on shares of 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. National Bankshares increased their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. BMO Capital Markets increased their target price on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a research note on Friday, December 13th. Finally, TD Securities decreased their target price on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. 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 data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$17.70.

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.