Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance Sells 4,500 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 4,500 shares of the company’s 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 value 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 value of C$508,548.00.
• On Monday, September 23rd, Jean-Paul Henri Lachance sold 16,600 shares of Peyto Exploration & Development stock. The stock was 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 Trading Up 0.3 %

Shares of Peyto Exploration & Development stock opened at C$16.63 on Friday. Peyto Exploration & Development Corp. has a 1 year low of C$11.09 and a 1 year high of C$17.27. The firm has a market cap of C$3.25 billion, a PE ratio of 10.73, a P/E/G ratio of -0.46 and a beta of 1.75. The stock has a fifty day moving average price of C$15.59 and a 200-day moving average price of C$15.04. 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 Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 7.94%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 85.16%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEY. Atlantic Securities upped their price target 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 upped their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. Finally, TD Securities decreased their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. One research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$17.60.

Peyto Exploration & Development Company Profile

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.