Peyto Exploration & Development (TSE:PEY) Insider Sells C$83,650.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 3,500 shares of Peyto Exploration & Development stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$23.90, for a total value of C$83,650.00. Following the sale, the insider directly owned 138,454 shares in the company, valued at C$3,309,050.60. The trade was a 2.47% decrease in their position.

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

• On Thursday, July 2nd, Riley Millar Frame purchased 3,750 shares of Peyto Exploration & Development stock. The stock was acquired at an average cost of C$23.84 per share, with a total value of C$89,400.00.
• On Friday, June 19th, Riley Millar Frame sold 21,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.42, for a total value 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 transaction of C$947,520.00.
• On Friday, April 17th, Riley Millar Frame acquired 1,550 shares of Peyto Exploration & Development stock. The shares were bought at an average price of C$24.07 per share, for a total transaction of C$37,308.50.

Peyto Exploration & Development Stock Performance

PEY stock opened at C$23.79 on Friday. The company has a 50-day simple moving average of C$25.23 and a 200 day simple moving average of C$25.11. The company has a market capitalization of C$4.87 billion, a P/E ratio of 10.30, a PEG ratio of -0.46 and a beta of -0.53. 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 Corp. has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Desjardins raised 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. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.