Peyto Exploration & Development (TSE:PEY) Insider Riley Millar Frame Sells 21,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 21,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of C$24.42, for a total value of C$512,820.00. Following the completion of the sale, the insider directly owned 141,954 shares in the company, valued at approximately C$3,466,516.68. The trade was a 12.89% decrease in their position.

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

• On Monday, May 25th, Riley Millar Frame sold 36,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$26.32, for a total value of C$947,520.00.
• On Friday, April 17th, Riley Millar Frame bought 1,550 shares of Peyto Exploration & Development stock. The shares were purchased at an average price of C$24.07 per share, with a total value of C$37,308.50.

Peyto Exploration & Development Price Performance

Shares of TSE PEY traded down C$0.01 during midday trading on Friday, reaching C$24.43. 298,542 shares of the stock traded hands, compared to its average volume of 980,899. The company’s 50 day moving average is C$25.40 and its 200 day moving average is C$25.01. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. The stock has a market capitalization of C$5.00 billion, a PE ratio of 10.58, a P/E/G ratio of -0.46 and a beta of -0.53.

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

Wall Street Analyst Weigh In

PEY has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Desjardins upped their target price on shares of 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. Finally, TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target for the company. in a report on Friday, February 20th. One 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 MarketBeat, the company currently has an average 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.