Peyto Exploration & Development (TSE:PEY) Insider Sells C$315,250.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 13,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of C$24.25, for a total value of C$315,250.00. Following the completion of the sale, the insider directly owned 27,386 shares of the company’s stock, valued at C$664,110.50. This trade represents a 32.19% decrease in their ownership of the stock.

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

• On Wednesday, June 3rd, Michael Richard Collens sold 14,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$25.80, for a total transaction of C$361,200.00.

Peyto Exploration & Development Trading Down 1.2%

Shares of PEY opened at C$24.47 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month high of C$29.22. The firm has a 50-day moving average price of C$25.18 and a 200 day moving average price of C$25.18. The firm has a market capitalization of C$5.01 billion, a P/E ratio of 10.59, a P/E/G ratio of -0.46 and a beta of -0.50.

Peyto Exploration & Development (TSE:PEY) last issued 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 for the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. National Bank Financial raised their target price on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Desjardins upped their price target on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average 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.