Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$145,500.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Crissy Rafoss sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of C$24.25, for a total value of C$145,500.00. Following the transaction, the insider directly owned 25,066 shares of the company’s stock, valued at C$607,850.50. The trade was a 19.31% decrease in their position.

Crissy Rafoss also recently made the following trade(s):

• On Friday, June 19th, Crissy Rafoss sold 11,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.49, for a total transaction of C$281,635.00.

Peyto Exploration & Development Price Performance

PEY stock traded up C$0.54 during midday trading on Tuesday, reaching C$24.29. The company had a trading volume of 516,195 shares, compared to its average volume of 955,297. The firm has a 50-day moving average price of C$25.21 and a 200-day moving average price of C$25.14. The company has a market capitalization of C$4.98 billion, a P/E ratio of 10.52, a P/E/G ratio of -0.46 and a beta of -0.50. Peyto Exploration & Development Corp. has a 1 year low of C$17.92 and a 1 year high of C$29.22. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32.

Peyto Exploration & Development (TSE:PEY) last posted 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.

Analysts Set New Price Targets

A number of brokerages have commented on PEY. Desjardins increased their price target on shares of 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. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.