Riley Millar Frame Sells 27,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 27,000 shares of Peyto Exploration & Development stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$24.83, for a total value of C$670,410.00. Following the completion of the sale, the insider directly owned 145,510 shares of the company’s stock, valued at approximately C$3,613,013.30. This represents a 15.65% decrease in their position.

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

• On Thursday, July 2nd, Riley Millar Frame bought 3,750 shares of Peyto Exploration & Development stock. The stock was acquired at an average price of C$23.84 per share, with a total value of C$89,400.00.
• On Thursday, June 25th, Riley Millar Frame sold 3,500 shares of Peyto Exploration & Development stock. The stock was 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.

Peyto Exploration & Development Stock Down 1.6%

Shares of TSE:PEY opened at C$24.64 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 0.32 and a debt-to-equity ratio of 34.98. The firm has a market cap of C$5.05 billion, a price-to-earnings ratio of 10.31, a PEG ratio of -0.46 and a beta of -0.51. The stock’s 50-day moving average price is C$24.71 and its two-hundred day moving average price is C$25.60. 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 posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.50 EPS for the quarter. The company had revenue of C$340.45 million during the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. National Bank Financial boosted their price objective on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$26.64.

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.