Peyto Exploration & Development (TSE:PEY) Insider Sells C$947,520.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 36,000 shares of the stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$26.32, for a total value of C$947,520.00. Following the completion of the sale, the insider directly owned 138,452 shares in the company, valued at C$3,644,056.64. This represents a 20.64% decrease in their position.

Riley Millar Frame also recently made the following trade(s):

• On Friday, April 17th, Riley Millar Frame acquired 1,550 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$24.07 per share, with a total value of C$37,308.50.

Peyto Exploration & Development Stock Down 3.7%

Shares of PEY traded down C$0.98 during midday trading on Monday, hitting C$25.75. The company had a trading volume of 637,215 shares, compared to its average volume of 1,043,917. The company’s 50-day simple moving average is C$26.19 and its 200-day simple moving average is C$24.55. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. The firm has a market capitalization of C$5.28 billion, a P/E ratio of 11.15, a P/E/G ratio of -0.46 and a beta of -0.20. Peyto Exploration & Development Corp. has a 1 year low of C$17.92 and a 1 year high of C$29.22.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Desjardins lifted their price objective 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. Finally, TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective for the company. in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.