Insider Selling: Peyto Exploration & Development (TSE:PEY) Director Sells 2,909 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 2,909 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of C$25.75, for a total value of C$74,906.75. Following the sale, the director owned 96,014 shares in the company, valued at approximately C$2,472,360.50. This represents a 2.94% decrease in their ownership of the stock.

Stephen Jonathan Chetner also recently made the following trade(s):

• On Friday, March 20th, Stephen Jonathan Chetner acquired 3,000 shares of Peyto Exploration & Development stock. The shares were purchased at an average price of C$28.49 per share, for a total transaction of C$85,470.00.

Peyto Exploration & Development Stock Performance

Shares of PEY traded up C$0.54 on Monday, reaching C$25.76. 433,986 shares of the stock traded hands, compared to its average volume of 1,011,552. The firm has a market cap of C$5.28 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of -0.46 and a beta of -0.53. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. Peyto Exploration & Development Corp. has a 12 month low of C$17.92 and a 12 month high of C$29.22. The stock’s 50-day moving average price is C$25.62 and its 200-day moving average price is C$24.84.

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 for the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PEY shares. TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective on the stock. in a research report on Friday, February 20th. Royal Bank Of Canada boosted their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Finally, Desjardins upped their price target on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.