Peyto Exploration & Development (TSE:PEY) Insider Sells C$947,520.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 36,000 shares of the company’s stock in a transaction dated Monday, May 25th. The stock was sold at an average price of C$26.32, for a total value of C$947,520.00. Following the transaction, the insider directly owned 138,452 shares of the company’s stock, valued at approximately C$3,644,056.64. This represents a 20.64% decrease in their ownership of the stock.

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

• On Friday, April 17th, Riley Millar Frame acquired 1,550 shares of Peyto Exploration & Development stock. The shares were acquired at an average cost of C$24.07 per share, with a total value of C$37,308.50.

Peyto Exploration & Development Trading Down 1.7%

TSE:PEY opened at C$25.11 on Thursday. The stock has a 50-day simple moving average of C$26.05 and a 200-day simple moving average of C$24.61. The stock has a market cap of C$5.14 billion, a P/E ratio of 10.87, a P/E/G ratio of -0.46 and a beta of -0.20. Peyto Exploration & Development Corp. has a 1 year low of C$17.92 and a 1 year high of C$29.22. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37.

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

Analyst Upgrades and Downgrades

PEY has been the subject of several analyst reports. Royal Bank Of Canada upped their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective for the company. in a research report on Friday, February 20th. Finally, Desjardins upped their price objective on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Peyto Exploration & Development has an average rating of “Moderate Buy” and an average price target of C$26.08.

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.