Peyto Exploration & Development (TSE:PEY) Insider Michael Eugene Rees Sells 21,500 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Eugene Rees sold 21,500 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of C$25.41, for a total transaction of C$546,315.00. Following the completion of the transaction, the insider owned 62,054 shares of the company’s stock, valued at approximately C$1,576,792.14. This represents a 25.73% decrease in their ownership of the stock.

Peyto Exploration & Development Price Performance

Shares of TSE PEY opened at C$25.11 on Thursday. The firm has a 50-day simple moving average of C$26.05 and a 200-day simple moving average of C$24.61. The stock has a market capitalization of C$5.14 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of -0.46 and a beta of -0.20. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last announced its earnings results on Tuesday, May 12th. The company reported C$0.82 earnings per share for the quarter. The company had revenue of C$426.40 million during the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PEY. Royal Bank Of Canada raised their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. TD Securities cut shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 target price on the stock. in a report on Friday, February 20th. Finally, Desjardins raised their target price on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$26.08.

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.