Jean-Paul Henri Lachance Sells 46,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 46,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$25.60, for a total value of C$1,177,600.00. Following the completion of the sale, the director owned 534,813 shares of the company’s stock, valued at approximately C$13,691,212.80. This trade 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 bought 5,000 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$23.73 per share, with a total value of C$118,650.00.

Peyto Exploration & Development Price Performance

PEY stock opened at C$25.26 on Friday. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. Peyto Exploration & Development Corp. has a 1 year low of C$17.92 and a 1 year high of C$29.22. The firm has a market cap of C$5.17 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of -0.46 and a beta of -0.53. The stock has a 50-day simple moving average of C$25.50 and a 200-day simple moving average of C$24.92.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Desjardins increased their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Royal Bank Of Canada raised their price objective on 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. Finally, TD Securities lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective for the company. in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Peyto Exploration & Development has an average rating of “Moderate Buy” and an average price target of C$26.08.

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.