Peyto Exploration & Development (TSE:PEY) Insider Riley Millar Frame Sells 27,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 27,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$24.83, for a total transaction of C$670,410.00. Following the transaction, the insider directly owned 145,510 shares of the company’s stock, valued at C$3,613,013.30. The trade was a 15.65% decrease in their position.

Riley Millar Frame also recently made the following trade(s):

• On Thursday, July 2nd, Riley Millar Frame purchased 3,750 shares of Peyto Exploration & Development stock. The shares were purchased at an average price of C$23.84 per share, with a total value of C$89,400.00.
• On Thursday, June 25th, Riley Millar Frame sold 3,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$23.90, for a total value of C$83,650.00.
• On Friday, June 19th, Riley Millar Frame sold 21,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.42, for a total transaction of C$512,820.00.

Peyto Exploration & Development Trading Down 0.9%

Shares of Peyto Exploration & Development stock opened at C$25.05 on Tuesday. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. The stock has a market capitalization of C$5.13 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of -0.46 and a beta of -0.51. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.32 and a current ratio of 1.63. The stock has a 50 day moving average price of C$24.71 and a two-hundred day moving average price of C$25.61.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$0.50 EPS for the quarter. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.The firm had revenue of C$340.45 million during the quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PEY shares. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. National Bank Financial raised their price target on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. 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 stock. Based on data from MarketBeat, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy” and a consensus price target 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.