Peyto Exploration & Development (TSE:PEY) Insider Sells 18,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Eugene Rees sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of C$24.42, for a total transaction of C$439,560.00. Following the transaction, the insider owned 64,760 shares in the company, valued at C$1,581,439.20. The trade was a 21.75% decrease in their position.

Michael Eugene Rees also recently made the following trade(s):

• On Wednesday, May 27th, Michael Eugene Rees sold 21,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$25.41, for a total transaction of C$546,315.00.

Peyto Exploration & Development Stock Performance

Shares of TSE:PEY traded down C$0.01 on Friday, hitting C$24.43. 298,542 shares of the company were exchanged, compared to its average volume of 980,899. Peyto Exploration & Development Corp. has a 1-year low of C$17.92 and a 1-year high of C$29.22. The stock’s 50 day moving average price is C$25.40 and its 200 day moving average price is C$25.01. 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 firm has a market capitalization of C$5.00 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of -0.46 and a beta of -0.53.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings data 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 for the quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Desjardins boosted their price target on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective for the company. in a research note on Friday, February 20th. Finally, Royal Bank Of Canada lifted their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. One equities 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. According to data from MarketBeat, Peyto Exploration & Development has a consensus rating of “Moderate Buy” and an average 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.