Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$580,800.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Todd Burdick sold 24,000 shares of Peyto Exploration & Development stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of C$24.20, for a total transaction of C$580,800.00. Following the sale, the insider owned 234,002 shares of the company’s stock, valued at approximately C$5,662,848.40. This represents a 9.30% decrease in their ownership of the stock.

Todd Burdick also recently made the following trade(s):

• On Tuesday, May 26th, Todd Burdick sold 27,633 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$25.82, for a total transaction of C$713,484.06.

Peyto Exploration & Development Stock Performance

TSE:PEY opened at C$24.47 on Friday. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. The stock has a market capitalization of C$5.01 billion, a P/E ratio of 10.59, a PEG ratio of -0.46 and a beta of -0.50. The company has a 50 day moving average price of C$25.18 and a 200 day moving average price of C$25.18. Peyto Exploration & Development Corp. has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on PEY shares. Desjardins lifted their price objective 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. Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. Finally, National Bank Financial boosted their price target on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$26.64.

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.