Jean-Paul Henri Lachance Sells 32,500 Shares of Peyto Exploration & Development (TSE:PEY) 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 completion of the sale, the director directly owned 534,813 shares in the company, valued at C$12,846,208.26. This trade represents a 5.73% decrease in their position.

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

TSE:PEY opened at C$24.25 on Friday. The company has a 50-day moving average of C$25.01 and a 200-day moving average of C$25.22. The company has a market capitalization of C$4.97 billion, a price-to-earnings ratio of 10.50, a PEG ratio of -0.46 and a beta of -0.50. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. 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 (TSE:PEY) last posted its earnings results on Tuesday, May 12th. The company reported C$0.82 earnings per share for the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%. The business had revenue of C$426.40 million for the quarter.

Analyst Upgrades and Downgrades

PEY has been the subject of a number of recent research reports. National Bank Financial increased their target price on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Scotiabank raised Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy” and an average target price of C$26.64.

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.