Insider Buying: Peyto Exploration & Development Corp. (TSE:PEY) Director Buys 5,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance bought 5,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of C$15.85 per share, with a total value of C$79,250.00.

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

• On Monday, January 20th, Jean-Paul Henri Lachance acquired 5,000 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$16.45 per share, with a total value of C$82,250.00.
• On Wednesday, January 15th, Jean-Paul Henri Lachance sold 31,700 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$17.10, for a total transaction of C$542,070.00.
• On Thursday, December 19th, Jean-Paul Henri Lachance purchased 5,000 shares of Peyto Exploration & Development stock. The stock was purchased at an average price of C$15.50 per share, with a total value of C$77,500.00.
• On Thursday, December 5th, Jean-Paul Henri Lachance sold 54,000 shares of Peyto Exploration & Development stock. The shares were 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 stock was 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 shares were sold at an average price of C$16.95, for a total value of C$508,548.00.

Peyto Exploration & Development Stock Performance

Shares of Peyto Exploration & Development stock opened at C$15.69 on Friday. The stock has a market capitalization of C$3.07 billion, a price-to-earnings ratio of 10.12, a PEG ratio of -0.46 and a beta of 1.75. The firm’s fifty day simple moving average is C$16.50 and its 200-day simple moving average is C$15.46. 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 Corp. has a 12 month low of C$12.41 and a 12 month high of C$17.57.

Peyto Exploration & Development (TSE:PEY) last announced its earnings results on Tuesday, November 12th. The company reported C$0.26 EPS for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.01). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th. CIBC increased their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research note on Friday, January 17th. Finally, Atlantic Securities boosted their price objective on shares of 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. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Peyto Exploration & Development currently has an average rating of “Buy” and a consensus target price of C$17.85.

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.