Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance Sells 30,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$16.95, for a total value of C$508,548.00.

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

• On Monday, September 23rd, Jean-Paul Henri Lachance sold 16,600 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.10, for a total transaction of C$250,660.00.
• On Monday, September 9th, Jean-Paul Henri Lachance sold 23,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.00, for a total transaction of C$329,000.00.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at C$16.80 on Wednesday. The firm has a market cap of C$3.28 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. The stock’s fifty day moving average price is C$15.43 and its two-hundred day moving average price is C$14.99. Peyto Exploration & Development Corp. has a one year low of C$11.09 and a one year high of C$17.27.

Peyto Exploration & Development Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 85.16%.

Analyst Ratings Changes

A number of research analysts recently commented on PEY shares. Atlantic Securities upped 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 note on Monday, October 7th. TD Securities decreased their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, National Bankshares boosted their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.