Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Jean-Paul Henri Lachance Acquires 15,600 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEYGet Rating) Senior Officer Jean-Paul Henri Lachance purchased 15,600 shares of the stock in a transaction dated Monday, November 21st. The shares were purchased at an average price of C$14.20 per share, for a total transaction of C$221,520.00. Following the completion of the transaction, the insider now owns 320,133 shares in the company, valued at approximately C$4,545,888.60.

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

  • On Friday, October 21st, Jean-Paul Henri Lachance purchased 10,000 shares of Peyto Exploration & Development stock. The shares were purchased at an average price of C$11.70 per share, for a total transaction of C$117,000.00.
  • On Monday, September 12th, Jean-Paul Henri Lachance sold 21,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$12.00, for a total value of C$252,000.00.
  • On Thursday, August 25th, Jean-Paul Henri Lachance sold 66,667 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$13.00, for a total value of C$866,671.00.

Peyto Exploration & Development Stock Performance

Shares of Peyto Exploration & Development stock opened at C$14.44 on Tuesday. The stock has a market cap of C$2.48 billion and a PE ratio of 7.22. The business has a fifty day simple moving average of C$12.36 and a 200-day simple moving average of C$13.02. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 68.28. Peyto Exploration & Development Corp. has a 12 month low of C$8.44 and a 12 month high of C$17.13.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PEY. TD Securities lowered their price target on Peyto Exploration & Development from C$19.00 to C$18.50 and set a “buy” rating on the stock in a research report on Friday, August 12th. BMO Capital Markets raised their price objective on Peyto Exploration & Development from C$14.00 to C$16.00 in a research note on Friday, November 11th. National Bankshares reduced their price objective on Peyto Exploration & Development from C$19.00 to C$17.00 in a research note on Friday, September 30th. Stifel Nicolaus raised their price objective on Peyto Exploration & Development from C$19.25 to C$19.50 in a research note on Friday, August 12th. Finally, Scotiabank raised their price objective on Peyto Exploration & Development from C$25.00 to C$26.00 in a research note on Thursday, October 13th.

Peyto Exploration & Development Company Profile

(Get Rating)

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. As of December 31, 2021, it had a total proved plus probable reserves of 904 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

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

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