Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells 35,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Derick Nathan Czember sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$26.00, for a total value of C$910,000.00. Following the completion of the sale, the insider directly owned 111,199 shares of the company’s stock, valued at approximately C$2,891,174. This represents a 23.94% decrease in their position.

Peyto Exploration & Development Trading Up 0.9%

PEY stock traded up C$0.24 during midday trading on Wednesday, hitting C$25.83. The company had a trading volume of 459,322 shares, compared to its average volume of 1,021,366. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. The stock’s 50 day moving average price is C$25.85 and its 200 day moving average price is C$24.70. The stock has a market cap of C$5.29 billion, a price-to-earnings ratio of 11.18, a PEG ratio of -0.46 and a beta of -0.20.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PEY. 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. Desjardins boosted their price objective 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. Finally, TD Securities lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target for the company. in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy” and a consensus target price 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.