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 company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of C$24.75, for a total value of C$693,000.00. Following the completion of the transaction, the insider directly owned 432,664 shares in the company, valued at approximately C$10,708,434. This represents 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 shares were sold at an average price of C$26.00, for a total transaction of C$819,000.00.

Peyto Exploration & Development Stock Performance

TSE:PEY traded up C$0.47 during mid-day trading on Wednesday, reaching C$24.76. 665,458 shares of the company’s stock were exchanged, compared to its average volume of 953,068. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22. The firm has a market capitalization of C$5.07 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of -0.46 and a beta of -0.50. The business’s fifty day simple moving average is C$25.20 and its two-hundred day simple moving average is C$25.17. 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 (TSE:PEY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.82 earnings per share (EPS) for the quarter. The firm 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

PEY has been the topic of a number of analyst reports. National Bank Financial increased their price target 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. Desjardins upped their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, Scotiabank raised Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.