Peyto Exploration & Development (TSE:PEY) Insider Sells C$361,200.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 14,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$25.80, for a total transaction of C$361,200.00. Following the transaction, the insider directly owned 27,386 shares in the company, valued at approximately C$706,558.80. This represents a 33.83% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Up 0.9%

Shares of PEY stock traded up C$0.24 on Wednesday, hitting C$25.83. The stock had a trading volume of 459,322 shares, compared to its average volume of 1,021,366. The business has a 50 day moving average of C$25.85 and a 200 day moving average of C$24.70. The stock has a market cap of C$5.29 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of -0.46 and a beta of -0.20. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month high of C$29.22.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on PEY shares. Royal Bank Of Canada lifted 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 research report on Friday, February 20th. Desjardins lifted their target price on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Finally, TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective on the stock. in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$26.08.

About Peyto Exploration & Development

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.