Riley Millar Frame Acquires 3,750 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame bought 3,750 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was acquired at an average price of C$23.84 per share, for a total transaction of C$89,400.00. Following the purchase, the insider directly owned 142,204 shares in the company, valued at approximately C$3,390,143.36. The trade was a 2.71% increase in their ownership of the stock.

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

• On Thursday, June 25th, Riley Millar Frame sold 3,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$23.90, for a total value of C$83,650.00.
• On Friday, June 19th, Riley Millar Frame sold 21,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$24.42, for a total value of C$512,820.00.
• On Monday, May 25th, Riley Millar Frame sold 36,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$26.32, for a total value of C$947,520.00.
• On Friday, April 17th, Riley Millar Frame acquired 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 Stock Performance

Shares of Peyto Exploration & Development stock traded up C$0.05 during trading hours on Thursday, hitting C$23.71. 318,188 shares of the company’s stock traded hands, compared to its average volume of 962,205. The stock has a market capitalization of C$4.86 billion, a price-to-earnings ratio of 10.26, a PEG ratio of -0.46 and a beta of -0.53. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month high of C$29.22. 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 fifty day simple moving average of C$25.23 and a 200-day simple moving average of C$25.10.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PEY shares. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. Desjardins lifted their price target on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Peyto Exploration & Development has an average rating of “Moderate Buy” and an average 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.