Insider Buying: Peyto Exploration & Development (TSE:PEY) Insider Buys 3,750 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame purchased 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were bought at an average cost of C$23.84 per share, for a total transaction of C$89,400.00. Following the completion of the acquisition, the insider directly owned 142,204 shares in the company, valued at C$3,390,143.36. The trade was a 2.71% increase in their position.

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

• On Thursday, June 25th, Riley Millar Frame sold 3,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$23.90, for a total transaction of C$83,650.00.
• On Friday, June 19th, Riley Millar Frame sold 21,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$24.42, for a total transaction of C$512,820.00.
• On Monday, May 25th, Riley Millar Frame sold 36,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$26.32, for a total value of C$947,520.00.
• On Friday, April 17th, Riley Millar Frame acquired 1,550 shares of Peyto Exploration & Development stock. The shares were purchased at an average cost of C$24.07 per share, for a total transaction of C$37,308.50.

Peyto Exploration & Development Price Performance

PEY stock traded up C$0.05 during midday trading on Thursday, reaching C$23.71. 318,188 shares of the stock were exchanged, compared to its average volume of 962,205. 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 fifty day moving average price of C$25.23 and a 200 day moving average price of C$25.10. 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$4.86 billion, a PE ratio of 10.26, a P/E/G ratio of -0.46 and a beta of -0.53.

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

Wall Street Analyst Weigh In

PEY has been the topic of several recent analyst reports. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. Desjardins increased their price target on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.