Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Director Sells 30,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 30,000 shares of Peyto Exploration & Development stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$16.95, for a total value of C$508,548.00.

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

• 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 transaction of C$250,660.00.
• On Monday, September 9th, Jean-Paul Henri Lachance sold 23,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.00, for a total transaction of C$329,000.00.

Peyto Exploration & Development Price Performance

TSE:PEY opened at C$17.01 on Tuesday. The stock’s 50-day simple moving average is C$15.43 and its 200 day simple moving average is C$14.99. Peyto Exploration & Development Corp. has a 52-week low of C$11.09 and a 52-week high of C$17.27. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The company has a market cap of C$3.33 billion, a P/E ratio of 10.97, a P/E/G ratio of -0.46 and a beta of 1.75.

Peyto Exploration & Development Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 7.76%. The ex-dividend date of this dividend was Thursday, October 31st. Peyto Exploration & Development’s payout ratio is presently 85.16%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. National Bankshares boosted their price objective on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. TD Securities cut their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. Finally, Atlantic Securities increased their price objective 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. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$17.60.

About Peyto Exploration & Development

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.