Peyto Exploration & Development Corp. (TSE:PEY) Director Sells C$509,250.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEYGet Free Report) Director Jean-Paul Henri Lachance sold 35,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$14.55, for a total transaction of C$509,250.00.

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

  • On Tuesday, January 23rd, Jean-Paul Henri Lachance purchased 16,000 shares of Peyto Exploration & Development stock. The stock was acquired at an average price of C$12.85 per share, for a total transaction of C$205,600.00.
  • On Friday, January 19th, Jean-Paul Henri Lachance sold 35,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$12.90, for a total transaction of C$451,500.00.

Peyto Exploration & Development Stock Performance

Shares of TSE:PEY opened at C$14.60 on Friday. Peyto Exploration & Development Corp. has a 52 week low of C$10.38 and a 52 week high of C$15.20. The stock has a market capitalization of C$2.83 billion, a P/E ratio of 9.01, a PEG ratio of -0.46 and a beta of 1.83. The firm has a fifty day simple moving average of C$13.63 and a two-hundred day simple moving average of C$13.31. The company has a quick ratio of 0.32, a current ratio of 1.75 and a debt-to-equity ratio of 51.67.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PEY shares. ATB Capital set a C$15.00 price objective on shares of Peyto Exploration & Development and gave the stock an “outperform” rating in a research note on Friday, February 16th. Stifel Nicolaus increased their price objective on shares of Peyto Exploration & Development from C$16.00 to C$16.50 in a research note on Monday, March 11th. BMO Capital Markets increased their price objective on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a research note on Monday, March 11th. National Bankshares reduced their price objective on shares of Peyto Exploration & Development from C$17.50 to C$15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. Finally, Scotiabank cut their target price on shares of Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$16.11.

Check Out Our Latest Report on PEY

About Peyto Exploration & Development

(Get Free Report)

Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, 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. in January 2011.

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Insider Buying and Selling by Quarter for Peyto Exploration & Development (TSE:PEY)

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