Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance Acquires 5,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 20th. The stock was purchased at an average cost of C$16.45 per share, for a total transaction of C$82,250.00.

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

• On Wednesday, January 15th, Jean-Paul Henri Lachance sold 31,700 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$17.10, for a total transaction of C$542,070.00.
• On Thursday, December 19th, Jean-Paul Henri Lachance bought 5,000 shares of Peyto Exploration & Development stock. The shares were purchased at an average cost of C$15.50 per share, for a total transaction of C$77,500.00.
• On Thursday, December 5th, Jean-Paul Henri Lachance sold 54,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.00, for a total transaction of C$864,000.00.
• On Thursday, November 28th, Jean-Paul Henri Lachance sold 4,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.75, for a total transaction of C$75,375.00.
• On Thursday, November 21st, Jean-Paul Henri Lachance sold 30,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.95, for a total transaction of C$508,548.00.

Peyto Exploration & Development Stock Up 0.8 %

PEY stock opened at C$16.50 on Tuesday. The company’s 50 day simple moving average is C$16.45 and its 200-day simple moving average is C$15.38. The firm has a market capitalization of C$3.23 billion, a PE ratio of 10.65, a P/E/G ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 12 month low of C$12.41 and a 12 month high of C$17.57. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32.

Analysts Set New Price Targets

Several research firms recently weighed in on PEY. BMO Capital Markets lifted their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th. TD Securities decreased their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Atlantic Securities lifted their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, October 7th. National Bankshares lifted 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. Finally, CIBC boosted their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$17.85.

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.