Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Riley Millar Frame Sells 29,900 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Riley Millar Frame sold 29,900 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$15.81, for a total value of C$472,719.00.

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

• On Monday, March 11th, Riley Millar Frame sold 19,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.48, for a total value of C$275,120.00.

Peyto Exploration & Development Stock Performance

TSE PEY opened at C$15.33 on Friday. The business has a 50 day simple moving average of C$15.17 and a two-hundred day simple moving average of C$13.81. Peyto Exploration & Development Corp. has a 1-year low of C$10.38 and a 1-year high of C$15.99. The company has a debt-to-equity ratio of 50.61, a current ratio of 1.55 and a quick ratio of 0.32. The stock has a market capitalization of C$2.98 billion, a PE ratio of 9.46, a P/E/G ratio of -0.46 and a beta of 1.85.

Analysts Set New Price Targets

PEY has been the topic of several recent research reports. ATB Capital set a C$15.00 price objective on Peyto Exploration & Development and gave the stock an “outperform” rating in a research note on Friday, February 16th. Desjardins raised their price objective on Peyto Exploration & Development from C$13.50 to C$14.50 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Stifel Nicolaus raised their price objective on Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Scotiabank raised their price objective on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Finally, Canaccord Genuity Group raised their price objective on Peyto Exploration & Development from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$16.59.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.