Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance Purchases 5,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance acquired 5,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of C$15.85 per share, for a total transaction of C$79,250.00.

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

• On Monday, January 20th, Jean-Paul Henri Lachance purchased 5,000 shares of Peyto Exploration & Development stock. The stock was purchased at an average cost of C$16.45 per share, for a total transaction of C$82,250.00.
• On Wednesday, January 15th, Jean-Paul Henri Lachance sold 31,700 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$17.10, for a total value of C$542,070.00.
• On Thursday, December 19th, Jean-Paul Henri Lachance bought 5,000 shares of Peyto Exploration & Development stock. The shares were acquired at an average cost of C$15.50 per share, for a total transaction of C$77,500.00.
• On Thursday, December 5th, Jean-Paul Henri Lachance sold 54,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.00, for a total transaction of C$864,000.00.
• On Thursday, November 28th, Jean-Paul Henri Lachance sold 4,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.75, for a total transaction of C$75,375.00.
• On Thursday, November 21st, Jean-Paul Henri Lachance sold 30,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.95, for a total transaction of C$508,548.00.

Peyto Exploration & Development Stock Performance

Shares of Peyto Exploration & Development stock opened at C$15.69 on Friday. The business’s fifty day simple moving average is C$16.50 and its 200-day simple moving average is C$15.46. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The firm has a market cap of C$3.07 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 52 week low of C$12.41 and a 52 week high of C$17.57.

Peyto Exploration & Development (TSE:PEY) last announced its earnings results on Tuesday, November 12th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.01). Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PEY shares. CIBC upped their price target on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. Atlantic Securities upped their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Monday, October 7th. Finally, BMO Capital Markets lifted their price target on Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Buy” and a consensus price target of C$17.85.

About Peyto Exploration & Development

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.