Peyto Exploration & Development (TSE:PEY) Insider Sells C$361,200.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 14,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$25.80, for a total value of C$361,200.00. Following the sale, the insider owned 27,386 shares of the company’s stock, valued at approximately C$706,558.80. The trade was a 33.83% decrease in their position.

Peyto Exploration & Development Trading Down 2.2%

PEY stock opened at C$25.22 on Friday. The company has a market cap of C$5.17 billion, a P/E ratio of 10.92, a PEG ratio of -0.46 and a beta of -0.53. Peyto Exploration & Development Corp. has a twelve month low of C$17.92 and a twelve month high of C$29.22. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62. The business has a fifty day moving average of C$25.65 and a 200-day moving average of C$24.79.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on PEY. TD Securities downgraded 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. Desjardins upped their price objective 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. Finally, Royal Bank Of Canada upped 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 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. Based on data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy” and an average target price 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.