Insider Buying: 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 purchased 5,000 shares of Peyto Exploration & Development stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost 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 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 Stock Performance

Shares of PEY stock opened at C$15.64 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. The firm has a fifty day moving average price of C$15.80 and a 200 day moving average price of C$15.10. 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 12 month low of C$11.95 and a 12 month high of C$17.27.

Peyto Exploration & Development Dividend Announcement

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

Analyst Ratings Changes

PEY has been the subject of several research reports. BMO Capital Markets lifted their target price on shares of Peyto Exploration & Development from C$16.50 to C$17.50 in a report on Friday, December 13th. Atlantic Securities lifted their target price 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. National Bankshares boosted their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. Finally, TD Securities dropped their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$17.70.

About Peyto Exploration & Development

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.