Riley Millar Frame Sells 36,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 36,000 shares of the business’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$26.32, for a total value of C$947,520.00. Following the completion of the transaction, the insider directly owned 138,452 shares of the company’s stock, valued at approximately C$3,644,056.64. This trade represents a 20.64% decrease in their position.

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

• On Friday, April 17th, Riley Millar Frame acquired 1,550 shares of Peyto Exploration & Development stock. The stock was bought at an average cost of C$24.07 per share, with a total value of C$37,308.50.

Peyto Exploration & Development Stock Performance

Shares of PEY stock opened at C$25.54 on Wednesday. The stock has a market cap of C$5.23 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of -0.46 and a beta of -0.20. The business has a 50-day simple moving average of C$26.12 and a 200-day simple moving average of C$24.58. 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 52-week low of C$17.92 and a 52-week high of C$29.22.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PEY shares. Desjardins increased their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Royal Bank Of Canada increased their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Finally, TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 target price for the company. in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.