Key Points
- Director Jean‑Paul Henri Lachance sold 74,000 shares on Nov. 27 at an average of C$22.00 for proceeds of C$1,628,000, reducing his holding by 12.85% to 501,731 shares (roughly C$11.04M).
- Stock and valuation snapshot: PEY opened at C$22.18, trades in a 12‑month range of C$14.57–C$23.74, has a market cap of C$4.48B and a trailing PE of 12.05.
- Analyst sentiment has turned cautiously positive with several upgrades and higher targets (TD, Desjardins, CIBC, Canaccord), leaving a consensus "Moderate Buy" and an average price target of C$22.44.
Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Director Jean-Paul Henri Lachance sold 74,000 shares of the stock in a transaction dated Thursday, November 27th. The shares were sold at an average price of C$22.00, for a total transaction of C$1,628,000.00. Following the completion of the sale, the director owned 501,731 shares of the company's stock, valued at approximately C$11,038,082. The trade was a 12.85% decrease in their position.
Peyto Exploration & Development Stock Up 1.9%
PEY stock opened at C$22.18 on Friday. Peyto Exploration & Development Corp. has a twelve month low of C$14.57 and a twelve month high of C$23.74. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. The company has a market cap of C$4.48 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of -0.46 and a beta of -0.28. The business's 50-day simple moving average is C$21.27 and its 200 day simple moving average is C$19.86.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on PEY. TD Securities upped their price objective on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a "buy" rating in a research note on Thursday, December 11th. CIBC boosted their price target on Peyto Exploration & Development from C$19.25 to C$21.00 in a research note on Wednesday, October 15th. Desjardins upgraded Peyto Exploration & Development from a "hold" rating to a "buy" rating and upped their price target for the company from C$23.50 to C$24.50 in a research report on Monday, November 24th. Finally, Canaccord Genuity Group lifted their price objective on Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$22.44.
Check Out Our Latest Report on Peyto Exploration & Development
Peyto Exploration & Development Company Profile
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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.
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