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

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

PEY stock opened at C$16.63 on Friday. The company has a 50 day simple moving average of C$15.56 and a 200 day simple moving average of C$15.03. The stock has a market cap of C$3.25 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 1 year low of C$11.09 and a 1 year high of C$17.27. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32.

Peyto Exploration & Development Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 7.94%. The ex-dividend date was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 85.16%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PEY. 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. National Bankshares upped their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, Atlantic Securities upped their price target on shares of 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. One 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 data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Buy” and an average target price of C$17.60.

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.