Peyto Exploration & Development Corp. (TSE:PEY) Director Purchases C$77,500.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance bought 5,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of C$15.50 per share, for a total transaction 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 stock was 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 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 stock was 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 PEY stock traded up C$0.10 on Friday, hitting C$15.60. 152,081 shares of the stock traded hands, compared to its average volume of 908,267. 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 debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. The firm has a market cap of C$3.05 billion, a price-to-earnings ratio of 10.06, a PEG ratio of -0.46 and a beta of 1.75. The firm has a 50 day simple moving average of C$15.80 and a two-hundred day simple moving average of C$15.10.

Peyto Exploration & Development Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 85.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PEY shares. National Bankshares raised their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. BMO Capital Markets increased their price objective on Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. 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, Atlantic Securities raised 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 report on Monday, October 7th. One equities 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 company has a consensus rating of “Buy” and an average price target 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.