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

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased 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 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.
• 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 value of C$250,660.00.

Peyto Exploration & Development Stock Performance

Peyto Exploration & Development stock opened at C$15.64 on Friday. 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 company has a market capitalization of C$3.06 billion, a PE ratio of 10.09, a P/E/G ratio of -0.46 and a beta of 1.75. 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 Corp. has a fifty-two week low of C$11.95 and a fifty-two week high of C$17.27.

Peyto Exploration & Development Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.44%. Peyto Exploration & Development’s payout ratio is currently 85.16%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PEY shares. Atlantic Securities raised 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 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 lifted their price target 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 cut their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average 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.