Peyto Exploration & Development (TSE:PEY) Insider Michael Richard Collens Sells 13,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of C$21.96, for a total value of C$285,480.00. Following the completion of the sale, the insider owned 25,000 shares of the company’s stock, valued at approximately C$549,000. This trade represents a 34.21% decrease in their ownership of the stock.

Michael Richard Collens also recently made the following trade(s):

• On Wednesday, August 27th, Michael Richard Collens sold 26,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$18.80, for a total transaction of C$488,800.00.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock traded up C$0.66 during trading hours on Monday, reaching C$22.10. 1,047,522 shares of the stock were exchanged, compared to its average volume of 889,105. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. Peyto Exploration & Development Corp. has a twelve month low of C$14.57 and a twelve month high of C$22.56. The company has a market cap of C$4.46 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of -0.46 and a beta of -0.16. The stock has a 50 day moving average of C$19.80 and a two-hundred day moving average of C$19.38.

Wall Street Analysts Forecast Growth

PEY has been the topic of a number of research reports. TD Securities boosted their target price on shares of Peyto Exploration & Development from C$21.00 to C$23.00 in a research note on Friday, November 14th. Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating and raised their price objective for the company from C$23.50 to C$24.50 in a report on Monday. CIBC upped their target price on Peyto Exploration & Development from C$19.25 to C$21.00 in a report on Wednesday, October 15th. Finally, Canaccord Genuity Group increased their target price on Peyto Exploration & Development from C$20.00 to C$21.50 in a research report on Friday, November 14th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$22.22.

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.