Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Director Sells 54,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 54,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$16.00, for a total value of C$864,000.00.

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

• 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 value 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 value 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 value 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 value of C$329,000.00.

Peyto Exploration & Development Trading Up 1.7 %

TSE:PEY traded up C$0.27 on Thursday, reaching C$16.24. The company’s stock had a trading volume of 286,407 shares, compared to its average volume of 911,666. Peyto Exploration & Development Corp. has a 12-month low of C$11.09 and a 12-month high of C$17.27. 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 firm has a market cap of C$3.18 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The stock has a 50 day moving average price of C$15.67 and a 200 day moving average price of C$15.05.

Peyto Exploration & Development Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.13%. Peyto Exploration & Development’s payout ratio is presently 85.16%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PEY. Atlantic Securities lifted their price objective 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. TD Securities reduced their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, National Bankshares lifted their price objective on Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Peyto Exploration & Development currently has a consensus rating of “Buy” and a consensus target price 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.