Michael Eugene Rees Sells 21,500 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Eugene Rees sold 21,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of C$25.41, for a total value of C$546,315.00. Following the sale, the insider owned 62,054 shares of the company’s stock, valued at approximately C$1,576,792.14. This trade represents a 25.73% decrease in their ownership of the stock.

Peyto Exploration & Development Price Performance

TSE:PEY opened at C$25.10 on Friday. Peyto Exploration & Development Corp. has a 12 month low of C$17.92 and a 12 month high of C$29.22. The stock has a 50 day moving average of C$25.98 and a two-hundred day moving average of C$24.64. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. The firm has a market cap of C$5.14 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of -0.46 and a beta of -0.20.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.82 EPS 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 during the quarter.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective for the company. in a report on Friday, February 20th. Royal Bank Of Canada increased their price objective on shares of 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, Desjardins increased 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 report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average 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.