Peyto Exploration & Development (TSE:PEY) Insider Michael Eugene Rees Sells 18,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Eugene Rees sold 18,000 shares of the stock in a transaction on Friday, June 19th. The stock was sold at an average price of C$24.42, for a total value of C$439,560.00. Following the sale, the insider directly owned 64,760 shares in the company, valued at approximately C$1,581,439.20. This trade represents a 21.75% decrease in their ownership of the stock.

Michael Eugene Rees also recently made the following trade(s):

• On Wednesday, May 27th, Michael Eugene Rees sold 21,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$25.41, for a total value of C$546,315.00.

Peyto Exploration & Development Price Performance

PEY stock opened at C$24.44 on Friday. The company has a market cap of C$5.01 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of -0.46 and a beta of -0.53. The business has a 50-day simple moving average of C$25.38 and a 200 day simple moving average of C$25.00. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62.

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 firm 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%.

Analyst Ratings Changes

PEY has been the topic of several analyst reports. TD Securities lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target on the stock. in a research report on Friday, February 20th. Desjardins boosted their price objective on shares of 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, Royal Bank Of Canada upped their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$26.08.

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.