Peyto Exploration & Development Corp. (TSE:PEY) Director Sells C$75,375.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 4,500 shares of the firm’s stock in a transaction on Thursday, November 28th. The shares were sold at an average price of C$16.75, for a total transaction 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 transaction of C$508,548.00.
• On Monday, September 23rd, Jean-Paul Henri Lachance sold 16,600 shares of Peyto Exploration & Development stock. The shares were 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 Price Performance

TSE:PEY traded up C$0.04 during mid-day trading on Thursday, hitting C$16.69. 418,121 shares of the stock traded hands, compared to its average volume of 919,312. The business’s 50-day moving average price is C$15.52 and its 200 day moving average price is C$15.01. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The company has a market cap of C$3.26 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 12-month low of C$11.09 and a 12-month high of C$17.27.

Peyto Exploration & Development Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.11 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.91%. Peyto Exploration & Development’s dividend payout ratio (DPR) is currently 85.16%.

Analyst Ratings Changes

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