Insider Selling: Peyto Exploration & Development (TSE:PEY) Director Sells 2,909 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 2,909 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of C$25.75, for a total value of C$74,906.75. Following the completion of the sale, the director owned 96,014 shares of the company’s stock, valued at approximately C$2,472,360.50. This trade represents a 2.94% decrease in their ownership of the stock.

Stephen Jonathan Chetner also recently made the following trade(s):

• On Friday, March 20th, Stephen Jonathan Chetner bought 3,000 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$28.49 per share, with a total value of C$85,470.00.

Peyto Exploration & Development Stock Performance

TSE PEY traded up C$0.54 during trading on Monday, hitting C$25.76. The company’s stock had a trading volume of 433,986 shares, compared to its average volume of 1,011,552. 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 firm has a 50 day moving average price of C$25.62 and a 200 day moving average price of C$24.84. The firm has a market cap of C$5.28 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of -0.46 and a beta of -0.53. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. The company 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 brokerages have commented on PEY. Royal Bank Of Canada lifted 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 report on Friday, February 20th. Desjardins lifted their price target on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target on the stock. in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy” and a consensus target price 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.