Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance Purchases 11,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance acquired 11,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average cost of C$15.42 per share, with a total value of C$169,620.00.

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

• On Wednesday, March 20th, Jean-Paul Henri Lachance sold 35,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.55, for a total value of C$509,250.00.

Peyto Exploration & Development Stock Up 0.7 %

Shares of PEY traded up C$0.11 during midday trading on Friday, reaching C$15.44. 312,708 shares of the stock were exchanged, compared to its average volume of 823,440. The company has a market cap of C$3.00 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of -0.46 and a beta of 1.85. The company has a quick ratio of 0.32, a current ratio of 1.55 and a debt-to-equity ratio of 50.61. Peyto Exploration & Development Corp. has a 12-month low of C$10.38 and a 12-month high of C$15.99. The firm has a 50 day simple moving average of C$15.17 and a 200-day simple moving average of C$13.81.

Analyst Upgrades and Downgrades

PEY has been the subject of a number of research reports. Stifel Nicolaus raised their target price on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Scotiabank lifted their target price on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. BMO Capital Markets increased their price target on Peyto Exploration & Development from C$14.00 to C$16.50 and gave the company a “market perform” rating in a research report on Monday, March 11th. ATB Capital set a C$15.00 price objective on shares of Peyto Exploration & Development and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Canaccord Genuity Group raised their target price on shares of Peyto Exploration & Development from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$16.59.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.