Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$713,484.06 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Todd Burdick sold 27,633 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$25.82, for a total value of C$713,484.06. Following the sale, the insider owned 230,500 shares in the company, valued at C$5,951,510. The trade was a 10.70% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Down 0.0%

Shares of Peyto Exploration & Development stock opened at C$25.10 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. The business’s 50 day simple moving average is C$25.98 and its 200-day simple moving average is C$24.64. The stock has a market capitalization of C$5.14 billion, a price-to-earnings ratio of 10.87, a PEG ratio of -0.46 and a beta of -0.20. Peyto Exploration & Development Corp. has a twelve month low of C$17.92 and a twelve month high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last announced 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 business had revenue of C$426.40 million for the quarter.

Wall Street Analysts Forecast Growth

PEY has been the topic of several analyst reports. Royal Bank Of Canada raised 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 report on Friday, February 20th. TD Securities cut 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 report on Friday, February 20th. Finally, Desjardins raised their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Peyto Exploration & Development has an average rating of “Moderate Buy” and a consensus 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.