Insider Selling: Peyto Exploration & Development (TSE:PEY) Director Sells C$780,650.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 32,500 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of C$24.02, for a total transaction of C$780,650.00. Following the transaction, the director owned 534,813 shares of the company’s stock, valued at C$12,846,208.26. This 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 transaction of C$1,177,600.00.

Peyto Exploration & Development Price Performance

Shares of PEY opened at C$24.25 on Monday. The business’s 50-day moving average is C$25.01 and its two-hundred day moving average is C$25.24. The company has a market capitalization of C$4.97 billion, a P/E ratio of 10.50, a P/E/G ratio of -0.46 and a beta of -0.50. 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 fifty-two week low of C$17.92 and a fifty-two week high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings data 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 brokerages recently weighed in on PEY. National Bank Financial lifted their price target on 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 Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.