Derick Nathan Czember Sells 35,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Derick Nathan Czember sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$26.00, for a total value of C$910,000.00. Following the sale, the insider directly owned 111,199 shares of the company’s stock, valued at C$2,891,174. This trade represents a 23.94% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Up 0.4%

PEY opened at C$25.80 on Friday. Peyto Exploration & Development Corp. has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22. The business has a 50-day moving average of C$25.71 and a 200-day moving average of C$24.79. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. The company has a market capitalization of C$5.29 billion, a PE ratio of 11.17, 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 results on Tuesday, May 12th. The company reported C$0.82 earnings per share 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.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PEY. Desjardins raised their price objective on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective on the stock. in a research note on Friday, February 20th. Finally, Royal Bank Of Canada raised their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Peyto Exploration & Development has a consensus rating of “Moderate Buy” and an average price target of C$26.08.

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.