Peyto Exploration & Development (TSE:PEY) Insider Michael Richard Collens Sells 28,500 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 28,500 shares of Peyto Exploration & Development stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of C$21.45, for a total transaction of C$611,325.00. Following the sale, the insider owned 25,000 shares in the company, valued at C$536,250. This represents a 53.27% decrease in their ownership of the stock.

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

• On Tuesday, November 18th, Michael Richard Collens bought 2,500 shares of Peyto Exploration & Development stock. The shares were acquired at an average price of C$21.76 per share, for a total transaction of C$54,400.00.
• On Monday, November 24th, Michael Richard Collens sold 13,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$21.96, for a total value of C$285,480.00.

Peyto Exploration & Development Price Performance

PEY traded up C$0.06 during midday trading on Friday, reaching C$22.98. 739,440 shares of the company’s stock were exchanged, compared to its average volume of 879,734. Peyto Exploration & Development Corp. has a 1-year low of C$14.57 and a 1-year high of C$23.74. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32. The business’s 50-day moving average price is C$21.01 and its 200 day moving average price is C$19.74. The stock has a market capitalization of C$4.64 billion, a PE ratio of 12.49, a P/E/G ratio of -0.46 and a beta of -0.28.

Analyst Ratings Changes

Several brokerages recently weighed in on PEY. CIBC increased their target price on Peyto Exploration & Development from C$19.25 to C$21.00 in a research report on Wednesday, October 15th. Canaccord Genuity Group raised their target price on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a research note on Friday, November 14th. TD Securities upped their price target on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating and raised their price objective for the company from C$23.50 to C$24.50 in a research report on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Peyto Exploration & Development presently has an average rating of “Moderate Buy” and an average price target of C$22.44.

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.