Peyto Exploration & Development (TSE:PEY) Insider Michael Richard Collens Sells 13,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 13,000 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of C$24.25, for a total value of C$315,250.00. Following the sale, the insider directly owned 27,386 shares in the company, valued at approximately C$664,110.50. The trade was a 32.19% decrease in their position.

Michael Richard Collens also recently made the following trade(s):

• On Wednesday, June 3rd, Michael Richard Collens sold 14,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$25.80, for a total transaction of C$361,200.00.

Peyto Exploration & Development Price Performance

TSE:PEY opened at C$24.29 on Wednesday. The firm has a market cap of C$4.98 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of -0.46 and a beta of -0.50. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. The company’s 50-day moving average is C$25.21 and its two-hundred day moving average is C$25.14. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month 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 business had revenue of C$426.40 million during 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

Several analysts have commented on PEY shares. Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. Desjardins raised their price objective on 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 assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.