Peyto Exploration & Development (TSE:PEY) Insider Sells C$580,800.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Todd Burdick sold 24,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of C$24.20, for a total transaction of C$580,800.00. Following the transaction, the insider directly owned 234,002 shares in the company, valued at approximately C$5,662,848.40. This trade represents a 9.30% decrease in their ownership of the stock.

Todd Burdick also recently made the following trade(s):

• On Tuesday, May 26th, Todd Burdick sold 27,633 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$25.82, for a total transaction of C$713,484.06.

Peyto Exploration & Development Stock Up 2.3%

PEY traded up C$0.54 on Tuesday, hitting C$24.29. The company had a trading volume of 516,195 shares, compared to its average volume of 955,297. The stock has a fifty day moving average price of C$25.21 and a 200-day moving average price of C$25.14. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month high of C$29.22. The stock has a market capitalization of C$4.98 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of -0.46 and a beta of -0.50.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. The company had revenue of C$426.40 million during the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. Desjardins raised their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Peyto Exploration & Development currently has an average rating of “Moderate Buy” and a consensus target price 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.