Insider Selling: Peyto Exploration & Development (TSE:PEY) Director Sells C$56,126.22 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 2,229 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$25.18, for a total value of C$56,126.22. Following the completion of the transaction, the director directly owned 97,805 shares in the company, valued at C$2,462,729.90. This trade represents a 2.23% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Performance

Peyto Exploration & Development stock opened at C$24.76 on Friday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32. The stock has a market capitalization of C$5.09 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of -0.46 and a beta of -0.48. The business’s fifty day moving average is C$24.95 and its 200 day moving average is C$25.54. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.50 earnings per share (EPS) for the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%. The firm had revenue of C$340.45 million for the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PEY shares. Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. National Bank Financial raised their price target on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$26.64.

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.