Peyto Exploration & Development (TSE:PEY) Director Jean-Paul Henri Lachance Sells 32,500 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 32,500 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of C$24.02, for a total value of C$780,650.00. Following the completion of the sale, the director owned 534,813 shares of the company’s stock, valued at C$12,846,208.26. This trade represents a 5.73% decrease in their ownership of the stock.

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

• On Thursday, June 11th, Jean-Paul Henri Lachance sold 46,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$25.60, for a total value of C$1,177,600.00.

Peyto Exploration & Development Price Performance

Shares of PEY traded down C$0.15 during midday trading on Friday, reaching C$24.15. The stock had a trading volume of 360,662 shares, compared to its average volume of 936,540. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week 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 firm’s 50 day moving average price is C$25.03 and its 200-day moving average price is C$25.23. The company has a market capitalization of C$4.95 billion, a P/E ratio of 10.45, a P/E/G ratio of -0.46 and a beta of -0.50.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. National Bank Financial raised their price objective on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Peyto Exploration & Development currently has an average rating of “Moderate Buy” and an average price target of C$26.64.

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.