Peyto Exploration & Development (TSE:PEY) Insider Derick Nathan Czember Sells 25,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Derick Nathan Czember sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$25.45, for a total value of C$636,250.00. Following the completion of the sale, the insider owned 114,505 shares in the company, valued at approximately C$2,914,152.25. The trade was a 17.92% decrease in their ownership of the stock.

Derick Nathan Czember also recently made the following trade(s):

• On Wednesday, June 3rd, Derick Nathan Czember sold 35,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$26.00, for a total value of C$910,000.00.

Peyto Exploration & Development Price Performance

PEY opened at C$25.44 on Wednesday. The business has a fifty day moving average of C$24.77 and a 200 day moving average of C$25.59. The stock has a market cap of C$5.21 billion, a P/E ratio of 10.64, a PEG ratio of -0.46 and a beta of -0.51. The company has a quick ratio of 0.32, a current ratio of 1.63 and a debt-to-equity ratio of 34.98. Peyto Exploration & Development Corp. has a 52-week low of C$17.92 and a 52-week high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, August 11th. The company reported C$0.50 earnings per share for the quarter. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.The business had revenue of C$340.45 million for the quarter.

Analyst Ratings Changes

Several research firms recently commented on PEY. Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. National Bank Financial upped their target price on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$26.64.

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.