Peyto Exploration & Development (TSE:PEY) Insider Sells C$910,000.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Derick Nathan Czember sold 35,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$26.00, for a total value of C$910,000.00. Following the transaction, the insider owned 111,199 shares of the company’s stock, valued at C$2,891,174. The trade was a 23.94% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Up 0.9%

Shares of TSE:PEY traded up C$0.24 on Wednesday, hitting C$25.83. 459,322 shares of the company traded hands, compared to its average volume of 1,021,366. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62. The stock has a 50 day simple moving average of C$25.85 and a 200-day simple moving average of C$24.70. The company has a market cap of C$5.29 billion, a PE ratio of 11.18, a PEG ratio of -0.46 and a beta of -0.20.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on PEY shares. Desjardins increased their price objective on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Royal Bank Of Canada lifted their price objective on 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. Finally, TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 target price on the stock. in a research note 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 given a Hold rating to the stock. According to data from MarketBeat, Peyto Exploration & Development 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.