Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance Sells 31,700 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 31,700 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of C$17.10, for a total value of C$542,070.00.

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

• On Thursday, December 19th, Jean-Paul Henri Lachance bought 5,000 shares of Peyto Exploration & Development stock. The shares were acquired at an average price of C$15.50 per share, for a total transaction of C$77,500.00.
• On Thursday, December 5th, Jean-Paul Henri Lachance sold 54,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.00, for a total transaction of C$864,000.00.
• On Thursday, November 28th, Jean-Paul Henri Lachance sold 4,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.75, for a total transaction of C$75,375.00.
• 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 value of C$508,548.00.

Peyto Exploration & Development Trading Down 0.7 %

Shares of PEY stock opened at C$16.97 on Thursday. The stock has a market cap of C$3.32 billion, a P/E ratio of 10.95, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. Peyto Exploration & Development Corp. has a fifty-two week low of C$12.41 and a fifty-two week high of C$17.57. The business has a fifty day simple moving average of C$16.35 and a 200-day simple moving average of C$15.32.

Analyst Ratings Changes

PEY has been the topic of several analyst reports. TD Securities lowered their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. BMO Capital Markets upped their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday. National Bankshares lifted their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, Atlantic Securities increased 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 investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Peyto Exploration & Development currently has a consensus rating of “Buy” and a consensus price target of C$17.80.

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.