Peyto Exploration & Development (TSE:PEY) Director Stephen Jonathan Chetner Sells 2,909 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 2,909 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of C$25.75, for a total value of C$74,906.75. Following the transaction, the director directly owned 96,014 shares in the company, valued at approximately C$2,472,360.50. This represents a 2.94% decrease in their position.

Stephen Jonathan Chetner also recently made the following trade(s):

• On Friday, March 20th, Stephen Jonathan Chetner bought 3,000 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$28.49 per share, with a total value of C$85,470.00.

Peyto Exploration & Development Stock Up 2.1%

Shares of Peyto Exploration & Development stock opened at C$25.76 on Tuesday. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month 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 moving average price of C$25.62 and a two-hundred day moving average price of C$24.84. The stock has a market capitalization of C$5.28 billion, a P/E ratio of 11.15, a PEG ratio of -0.46 and a beta of -0.53.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. The company had revenue of C$426.40 million for 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

A number of equities research analysts have issued reports on PEY shares. TD Securities cut shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target for the company. in a report on Friday, February 20th. Desjardins boosted their price objective on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada increased their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.