Lee Russell Curran Sells 28,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 28,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$25.45, for a total value of C$712,600.00. Following the sale, the insider directly owned 436,270 shares of the company’s stock, valued at C$11,103,071.50. This represents a 6.03% decrease in their ownership of the stock.

Lee Russell Curran also recently made the following trade(s):

• On Wednesday, July 8th, Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.75, for a total transaction of C$693,000.00.
• On Wednesday, June 3rd, Lee Russell Curran sold 31,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$26.00, for a total transaction of C$819,000.00.

Peyto Exploration & Development Stock Up 0.2%

Shares of TSE:PEY opened at C$25.48 on Thursday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32. The stock has a market cap of C$5.22 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of -0.46 and a beta of -0.51. The company has a 50 day moving average of C$24.80 and a 200-day moving average of C$25.59. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, August 11th. The company reported C$0.50 EPS for the quarter. The firm 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%.

Analysts Set New Price Targets

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

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.