Peyto Exploration & Development (TSE:PEY) Insider Sells C$281,635.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Crissy Rafoss sold 11,500 shares of the stock in a transaction on Friday, June 19th. The shares were sold at an average price of C$24.49, for a total value of C$281,635.00. Following the sale, the insider owned 25,066 shares of the company’s stock, valued at approximately C$613,866.34. This represents a 31.45% decrease in their position.

Peyto Exploration & Development Stock Down 2.8%

Peyto Exploration & Development stock opened at C$23.86 on Thursday. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. The stock has a market capitalization of C$4.89 billion, a price-to-earnings ratio of 10.33, a PEG ratio of -0.46 and a beta of -0.53. Peyto Exploration & Development Corp. has a 1-year low of C$17.92 and a 1-year high of C$29.22. The business has a fifty day moving average price of C$25.32 and a 200-day moving average price of C$25.06.

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

Analyst Upgrades and Downgrades

Separately, Desjardins increased 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.