Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Director Sells 4,500 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Director Jean-Paul Henri Lachance sold 4,500 shares of the stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$16.75, for a total transaction of C$75,375.00.

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

  • 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 transaction of C$508,548.00.
  • 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 value 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 Stock Performance

Shares of PEY stock opened at C$16.69 on Friday. The company has a market capitalization of C$3.26 billion, a P/E ratio of 10.77, a P/E/G ratio of -0.46 and a beta of 1.75. The business's 50 day moving average is C$15.56 and its two-hundred day moving average is C$15.03. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. Peyto Exploration & Development Corp. has a 12-month low of C$11.09 and a 12-month high of C$17.27.

Peyto Exploration & Development Dividend Announcement


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The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.11 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.32 annualized dividend and a dividend yield of 7.91%. Peyto Exploration & Development's dividend payout ratio (DPR) is presently 85.16%.

Wall Street Analyst Weigh In

Several analysts recently commented on PEY shares. Atlantic Securities raised their target price on 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. National Bankshares raised their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, TD Securities lowered their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$17.60.

Check Out Our Latest Stock Analysis on Peyto Exploration & Development

About Peyto Exploration & Development

(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.

Further Reading

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

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