Insider Selling: Peyto Exploration & Development (TSE:PEY) Director Sells C$1,177,600.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 46,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 534,813 shares in the company, valued at approximately C$13,691,212.80. This represents 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 purchased 5,000 shares of Peyto Exploration & Development stock. The shares were bought at an average cost of C$23.73 per share, for a total transaction of C$118,650.00.

Peyto Exploration & Development Stock Performance

TSE:PEY opened at C$25.26 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62. The company has a market cap of C$5.17 billion, a P/E ratio of 10.94, a P/E/G ratio of -0.46 and a beta of -0.53. Peyto Exploration & Development Corp. has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22. The firm’s 50 day moving average is C$25.50 and its two-hundred day moving average is C$24.92.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 earnings per share 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

A number of equities analysts have weighed in on the stock. 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 research note on Friday, February 20th. Desjardins increased their price target on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Finally, Royal Bank Of Canada raised their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy” and an average price target 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.