Peyto Exploration & Development (TSE:PEY) Insider Sells C$512,820.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 21,000 shares of the business’s stock in a transaction dated Friday, June 19th. The shares were sold at an average price of C$24.42, for a total value of C$512,820.00. Following the sale, the insider owned 141,954 shares of the company’s stock, valued at approximately C$3,466,516.68. This represents a 12.89% decrease in their ownership of the stock.

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

• On Monday, May 25th, Riley Millar Frame sold 36,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$26.32, for a total transaction of C$947,520.00.
• On Friday, April 17th, Riley Millar Frame purchased 1,550 shares of Peyto Exploration & Development stock. The stock was acquired at an average price of C$24.07 per share, with a total value of C$37,308.50.

Peyto Exploration & Development Price Performance

PEY stock traded down C$0.01 during trading on Friday, reaching C$24.43. The company’s stock had a trading volume of 298,542 shares, compared to its average volume of 980,899. 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 company’s fifty day moving average is C$25.40 and its 200-day moving average is C$25.01. The company has a market capitalization of C$5.00 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of -0.46 and a beta of -0.53. Peyto Exploration & Development Corp. has a 1 year low of C$17.92 and a 1 year high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last announced 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 for the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank Of Canada upped their price target on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. Desjardins lifted 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 research report on Thursday, March 12th. Finally, TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 target price on the stock. in a report on Friday, February 20th. One 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. Based on data from MarketBeat.com, the company has an average 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.