Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance Acquires 11,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance bought 11,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were acquired at an average price of C$15.42 per share, with a total value of C$169,620.00.

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

• On Wednesday, March 20th, Jean-Paul Henri Lachance sold 35,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.55, for a total value of C$509,250.00.

Peyto Exploration & Development Trading Up 0.7 %

Peyto Exploration & Development stock traded up C$0.11 during trading hours on Friday, reaching C$15.44. 312,708 shares of the company’s stock were exchanged, compared to its average volume of 823,440. The firm has a market capitalization of C$3.00 billion, a PE ratio of 9.46, a PEG ratio of -0.46 and a beta of 1.85. The company has a quick ratio of 0.32, a current ratio of 1.55 and a debt-to-equity ratio of 50.61. The firm’s 50 day simple moving average is C$15.17 and its 200 day simple moving average is C$13.81. Peyto Exploration & Development Corp. has a twelve month low of C$10.38 and a twelve month high of C$15.99.

Analysts Set New Price Targets

A number of research firms recently issued reports on PEY. Canaccord Genuity Group upped their price objective on shares of Peyto Exploration & Development from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Scotiabank increased their price target on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. BMO Capital Markets boosted their price objective on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a research report on Monday, March 11th. Stifel Nicolaus increased their target price on Peyto Exploration & Development from C$16.25 to C$18.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, CIBC upped their price objective on Peyto Exploration & Development from C$16.00 to C$17.50 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$16.59.

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.