Jean-Paul Henri Lachance Sells 27,200 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEYGet Free Report) Director Jean-Paul Henri Lachance sold 27,200 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of C$14.63, for a total transaction of C$397,936.00.

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

  • On Friday, July 5th, Jean-Paul Henri Lachance purchased 10,000 shares of Peyto Exploration & Development stock. The stock was bought at an average cost of C$14.60 per share, for a total transaction of C$146,000.00.
  • On Monday, May 27th, Jean-Paul Henri Lachance sold 18,364 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.45, for a total transaction of C$283,723.80.
  • On Friday, May 24th, Jean-Paul Henri Lachance purchased 11,000 shares of Peyto Exploration & Development stock. The stock was bought at an average cost of C$15.42 per share, for a total transaction of C$169,620.00.

Peyto Exploration & Development Stock Performance

TSE PEY opened at C$14.62 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.32 and a debt-to-equity ratio of 50.61. The firm has a market capitalization of C$2.84 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of -0.46 and a beta of 1.85. The firm’s 50 day simple moving average is C$15.06 and its 200 day simple moving average is C$14.33. Peyto Exploration & Development Corp. has a 1 year low of C$11.04 and a 1 year high of C$15.99.

Peyto Exploration & Development Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.32 dividend on an annualized basis and a yield of 9.03%. Peyto Exploration & Development’s dividend payout ratio is currently 81.48%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PEY. Desjardins raised their target price on shares of Peyto Exploration & Development from C$13.50 to C$14.50 and gave the stock a “buy” rating in a report on Thursday, May 16th. CIBC raised their target price on shares of Peyto Exploration & Development from C$16.00 to C$17.50 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Scotiabank raised shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 14th. Canaccord Genuity Group raised their target price on shares of Peyto Exploration & Development from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Finally, TD Securities raised shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Peyto Exploration & Development has a consensus rating of “Buy” and an average price target of C$16.59.

Read Our Latest Analysis on PEY

Peyto Exploration & Development Company Profile

(Get Free Report)

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.

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

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