Insider Selling: Peyto Exploration & Development (TSE:PEY) Director Sells 46,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 46,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of C$25.60, for a total transaction of C$1,177,600.00. Following the completion of the sale, the director owned 534,813 shares in the company, valued at approximately C$13,691,212.80. The trade was a 7.92% decrease in their position.

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

• On Friday, April 17th, Jean-Paul Henri Lachance bought 5,000 shares of Peyto Exploration & Development stock. The stock was acquired at an average price of C$23.73 per share, for a total transaction of C$118,650.00.

Peyto Exploration & Development Price Performance

Shares of Peyto Exploration & Development stock traded down C$0.12 during trading hours on Thursday, reaching C$25.41. The company’s stock had a trading volume of 317,741 shares, compared to its average volume of 997,110. The firm has a 50 day moving average price of C$25.55 and a 200-day moving average price of C$24.89. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. The stock has a market cap of C$5.21 billion, a P/E ratio of 11.00, a P/E/G ratio of -0.46 and a beta of -0.53.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. The company had revenue of C$426.40 million for the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Desjardins upped their price target on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Royal Bank Of Canada upped their price target on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Finally, TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target on the stock. in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Peyto Exploration & Development has an average rating of “Moderate Buy” and a consensus target price of C$26.08.

About Peyto Exploration & Development

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.