Jean-Paul Henri Lachance Buys 10,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY – Get Rating) Senior Officer Jean-Paul Henri Lachance acquired 10,000 shares of Peyto Exploration & Development stock in a transaction dated Monday, June 20th. The stock was bought at an average price of C$13.10 per share, for a total transaction of C$131,000.00. Following the completion of the purchase, the insider now owns 270,133 shares of the company’s stock, valued at approximately C$3,538,742.30.

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

• On Friday, June 10th, Jean-Paul Henri Lachance acquired 17,000 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$15.90 per share, for a total transaction of C$270,300.00.

Shares of PEY stock opened at C$12.81 on Thursday. The stock’s 50-day moving average is C$14.42 and its two-hundred day moving average is C$11.98. The firm has a market cap of C$2.11 billion and a price-to-earnings ratio of 10.47. Peyto Exploration & Development Corp. has a 1 year low of C$5.88 and a 1 year high of C$17.13. The company has a debt-to-equity ratio of 82.09, a quick ratio of 0.31 and a current ratio of 0.35.

Peyto Exploration & Development (TSE:PEY – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported C$0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.57 by C($0.01). The business had revenue of C$286.89 million during the quarter. As a group, research analysts predict that Peyto Exploration & Development Corp. will post 1.8313667 EPS for the current year.

PEY has been the topic of several analyst reports. Scotiabank increased their price objective on Peyto Exploration & Development from C$18.00 to C$21.00 in a research note on Tuesday, March 8th. Stifel Nicolaus increased their price objective on Peyto Exploration & Development from C$17.00 to C$20.00 in a research note on Friday, May 13th. National Bankshares dropped their target price on Peyto Exploration & Development from C$18.00 to C$15.50 in a report on Thursday, April 14th. Raymond James increased their target price on Peyto Exploration & Development from C$13.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, March 25th. Finally, CIBC increased their target price on Peyto Exploration & Development from C$14.50 to C$15.50 in a report on Thursday, April 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$14.89.

Peyto Exploration & Development Company Profile (Get Rating)

Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. As of December 31, 2021, it had a total proved plus probable reserves of 904 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

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