Jean-Paul Henri Lachance Sells 30,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$16.95, for a total transaction of C$508,548.00.

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

• On Monday, September 23rd, Jean-Paul Henri Lachance sold 16,600 shares of Peyto Exploration & Development stock. The shares were 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 value of C$329,000.00.

Peyto Exploration & Development Trading Down 1.2 %

Shares of Peyto Exploration & Development stock opened at C$16.80 on Wednesday. Peyto Exploration & Development Corp. has a 12-month low of C$11.09 and a 12-month high of C$17.27. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The business’s 50 day moving average is C$15.43 and its 200-day moving average is C$14.99. The stock has a market cap of C$3.28 billion, a P/E ratio of 10.83, a P/E/G ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio is currently 85.16%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PEY. Atlantic Securities raised their price target on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, October 7th. TD Securities cut their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, National Bankshares raised their price target on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Peyto Exploration & Development presently has a consensus rating of “Buy” and a consensus price target of C$17.60.

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.