Peyto Exploration & Development Corp. (TSE:PEY) Director Sells C$397,936.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 27,200 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of C$14.63, for a total transaction of C$397,936.00.

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

• On Friday, July 5th, Jean-Paul Henri Lachance purchased 10,000 shares of Peyto Exploration & Development stock. The shares were purchased at an average cost of C$14.60 per share, with a total value of C$146,000.00.
• On Monday, May 27th, Jean-Paul Henri Lachance sold 18,364 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.45, for a total transaction of C$283,723.80.
• On Friday, May 24th, Jean-Paul Henri Lachance acquired 11,000 shares of Peyto Exploration & Development stock. The stock was bought at an average cost of C$15.42 per share, with a total value of C$169,620.00.

Peyto Exploration & Development Price Performance

Shares of TSE PEY opened at C$14.91 on Friday. The stock has a market capitalization of C$2.90 billion, a price-to-earnings ratio of 9.20, a PEG ratio of -0.46 and a beta of 1.85. Peyto Exploration & Development Corp. has a 12 month low of C$11.04 and a 12 month high of C$15.99. The firm’s 50 day simple moving average is C$15.05 and its 200-day simple moving average is C$14.33. The company has a debt-to-equity ratio of 50.61, a current ratio of 1.55 and a quick ratio of 0.32.

Peyto Exploration & Development Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.85%. Peyto Exploration & Development’s payout ratio is 81.48%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PEY shares. Desjardins increased their price objective on shares of Peyto Exploration & Development from C$13.50 to C$14.50 and gave the company a “buy” rating in a research report on Thursday, May 16th. CIBC increased their price objective on shares of Peyto Exploration & Development from C$16.00 to C$17.50 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. TD Securities raised shares of Peyto Exploration & Development to a “strong-buy” rating in a research report on Friday, June 21st. Stifel Nicolaus increased their price objective on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, Canaccord Genuity Group raised their price target on shares of Peyto Exploration & Development from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Peyto Exploration & Development presently has a consensus rating of “Buy” and a consensus target price of C$16.59.

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.