Peyto Exploration & Development (TSE:PEY) Insider Lee Russell Curran Sells 28,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 28,000 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of C$24.75, for a total transaction of C$693,000.00. Following the completion of the sale, the insider directly owned 432,664 shares in the company, valued at approximately C$10,708,434. The trade was a 6.08% decrease in their ownership of the stock.

Lee Russell Curran also recently made the following trade(s):

• On Wednesday, June 3rd, Lee Russell Curran sold 31,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$26.00, for a total value of C$819,000.00.

Peyto Exploration & Development Stock Up 1.9%

PEY opened at C$24.76 on Thursday. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. The firm has a market cap of C$5.07 billion, a P/E ratio of 10.72, a PEG ratio of -0.46 and a beta of -0.50. The business’s fifty day simple moving average is C$25.20 and its 200 day simple moving average is C$25.17. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62.

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. National Bank Financial lifted their target price on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Desjardins lifted their price objective on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently 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.