Peyto Exploration & Development (TSE:PEY) Director Sells C$1,628,000.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 74,000 shares of the business’s stock in a transaction that occurred on Thursday, November 27th. The shares were sold at an average price of C$22.00, for a total value of C$1,628,000.00. Following the sale, the director owned 501,731 shares of the company’s stock, valued at approximately C$11,038,082. This represents a 12.85% decrease in their position.

Peyto Exploration & Development Stock Up 1.9%

Shares of PEY traded up C$0.41 during trading hours on Friday, reaching C$22.18. The stock had a trading volume of 3,346,061 shares, compared to its average volume of 890,663. The firm has a 50-day simple moving average of C$21.27 and a 200 day simple moving average of C$19.85. Peyto Exploration & Development Corp. has a 12 month low of C$14.57 and a 12 month high of C$23.74. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. The company has a market capitalization of C$4.48 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of -0.46 and a beta of -0.28.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PEY shares. Canaccord Genuity Group lifted their price objective on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. Desjardins upgraded Peyto Exploration & Development from a “hold” rating to a “buy” rating and lifted their price target for the company from C$23.50 to C$24.50 in a research note on Monday, November 24th. TD Securities boosted their price objective on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, CIBC raised their target price on Peyto Exploration & Development from C$19.25 to C$21.00 in a report on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.44.

Peyto Exploration & Development Company Profile

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.