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 purchased 5,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of C$15.50 per share, for a total transaction of C$77,500.00.

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

• 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 value of C$864,000.00.
• On Thursday, November 28th, Jean-Paul Henri Lachance sold 4,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.75, for a total value 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.
• On Monday, September 23rd, Jean-Paul Henri Lachance sold 16,600 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$15.10, for a total transaction of C$250,660.00.

Peyto Exploration & Development Stock Up 0.9 %

Shares of TSE:PEY traded up C$0.14 on Friday, reaching C$15.64. The company had a trading volume of 675,855 shares, compared to its average volume of 910,532. The firm has a market capitalization of C$3.06 billion, a PE ratio of 10.09, a PEG ratio of -0.46 and a beta of 1.75. 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 Corp. has a 52-week low of C$11.95 and a 52-week high of C$17.27. The firm's 50 day simple moving average is C$15.80 and its 200-day simple moving average is C$15.10.

Peyto Exploration & Development Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 8.44%. Peyto Exploration & Development's dividend payout ratio is presently 85.16%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PEY shares. Atlantic Securities lifted their price objective on shares of 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. National Bankshares boosted their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. TD Securities dropped their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, BMO Capital Markets lifted their target price on Peyto Exploration & Development from C$16.50 to C$17.50 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Peyto Exploration & Development currently has an average rating of "Buy" and an average price target of C$17.70.

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.