Peyto Exploration & Development (TSE:PEY) Insider Todd Burdick Sells 24,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Todd Burdick sold 24,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of C$24.20, for a total value of C$580,800.00. Following the completion of the sale, the insider owned 234,002 shares in the company, valued at approximately C$5,662,848.40. This trade represents a 9.30% decrease in their ownership of the stock.

Todd Burdick also recently made the following trade(s):

• On Tuesday, May 26th, Todd Burdick sold 27,633 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$25.82, for a total transaction of C$713,484.06.

Peyto Exploration & Development Price Performance

PEY stock traded up C$0.54 during midday trading on Tuesday, hitting C$24.29. 516,195 shares of the stock were exchanged, compared to its average volume of 955,297. The stock’s 50-day moving average price is C$25.21 and its 200-day moving average price is C$25.14. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. The stock has a market cap of C$4.98 billion, a price-to-earnings ratio of 10.52, a PEG ratio of -0.46 and a beta of -0.50. Peyto Exploration & Development Corp. has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last posted its earnings results 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 firm had revenue of C$426.40 million for the quarter.

Analyst Upgrades and Downgrades

PEY has been the topic of several research reports. Desjardins lifted 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. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock 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.