Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance Sells 4,500 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 4,500 shares of the firm’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$16.75, for a total value of C$75,375.00.

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

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

Peyto Exploration & Development Trading Up 0.2 %

PEY stock opened at C$16.69 on Friday. 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 company has a market capitalization of C$3.26 billion, a PE ratio of 10.77, a P/E/G ratio of -0.46 and a beta of 1.75. The firm’s 50-day moving average is C$15.56 and its 200 day moving average is C$15.03. Peyto Exploration & Development Corp. has a 12 month low of C$11.09 and a 12 month high of C$17.27.

Peyto Exploration & Development Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 7.91%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Atlantic Securities increased their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Monday, October 7th. National Bankshares raised their price objective 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 reduced their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently 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.