Peyto Exploration & Development (TSE:PEY) Director Jean-Paul Henri Lachance Sells 46,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 46,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$25.60, for a total value of C$1,177,600.00. Following the sale, the director owned 534,813 shares in the company, valued at approximately C$13,691,212.80. This trade represents a 7.92% decrease in their ownership of the stock.

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

• On Friday, April 17th, Jean-Paul Henri Lachance purchased 5,000 shares of Peyto Exploration & Development stock. The shares were acquired at an average price of C$23.73 per share, for a total transaction of C$118,650.00.

Peyto Exploration & Development Stock Down 1.0%

TSE PEY opened at C$25.28 on Friday. The firm has a market cap of C$5.18 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of -0.46 and a beta of -0.53. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22. The stock’s 50 day simple moving average is C$25.51 and its 200 day simple moving average is C$24.91. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. The business had revenue of C$426.40 million for the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PEY. Desjardins increased their price objective on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Royal Bank Of Canada increased their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Finally, TD Securities lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target on the stock. in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Peyto Exploration & Development currently has an average rating of “Moderate Buy” and an average target price of C$26.08.

About Peyto Exploration & Development

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.