Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Director Sells 16,600 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Jean-Paul Henri Lachance sold 16,600 shares of Peyto Exploration & Development stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$15.10, for a total transaction of C$250,660.00.

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

• On Monday, September 9th, Jean-Paul Henri Lachance sold 23,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.00, for a total transaction of C$329,000.00.
• On Monday, July 8th, Jean-Paul Henri Lachance sold 27,200 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.63, for a total transaction of C$397,936.00.
• On Friday, July 5th, Jean-Paul Henri Lachance acquired 10,000 shares of Peyto Exploration & Development stock. The stock was acquired at an average price of C$14.60 per share, for a total transaction of C$146,000.00.

Peyto Exploration & Development Stock Performance

Shares of Peyto Exploration & Development stock traded up C$0.14 during trading hours on Monday, reaching C$14.91. The company’s stock had a trading volume of 1,095,055 shares, compared to its average volume of 875,335. The company’s 50 day simple moving average is C$14.45 and its 200 day simple moving average is C$14.81. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. Peyto Exploration & Development Corp. has a one year low of C$11.09 and a one year high of C$15.99. The stock has a market cap of C$2.92 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of -0.46 and a beta of 1.76.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.01). The business had revenue of C$256.55 million during the quarter, compared to the consensus estimate of C$257.10 million. Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%.

Peyto Exploration & Development Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.32 annualized dividend and a yield of 8.85%. Peyto Exploration & Development’s dividend payout ratio is presently 85.16%.

Analysts Set New Price Targets

Several analysts have recently weighed in on PEY shares. Scotiabank raised shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 14th. TD Securities raised shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 21st. Finally, CIBC lowered their target price on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a report on Monday, July 15th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$16.55.

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.