Insider Buying: Peyto Exploration & Development Corp. (TSE:PEY) Director Acquires 5,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Director Jean-Paul Henri Lachance acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of C$15.85 per share, with a total value 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 acquired at an average cost of C$16.45 per share, with a total value 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 purchased 5,000 shares of Peyto Exploration & Development stock. The shares were purchased at an average price 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 stock was 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 stock was sold at an average price of C$16.95, for a total value of C$508,548.00.

Peyto Exploration & Development Trading Up 0.8 %

TSE PEY traded up C$0.13 on Tuesday, reaching C$15.54. 881,689 shares of the company were exchanged, compared to its average volume of 861,638. Peyto Exploration & Development Corp. has a fifty-two week low of C$12.41 and a fifty-two week high of C$17.57. The stock has a market capitalization of C$3.04 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75. The business's fifty day moving average price is C$16.45 and its 200 day moving average price is C$15.48. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last issued its quarterly earnings data 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%.

Analysts Set New Price Targets

PEY has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th. CIBC upped their price objective on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. Finally, Atlantic Securities increased their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an "outperform" rating in a research report on Monday, October 7th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Peyto Exploration & Development currently has an average rating of "Buy" and a consensus target price of C$17.85.

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.