Peyto Exploration & Development (TSE:PEY) Insider Tavis Aaron Carlson Sells 20,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Tavis Aaron Carlson sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of C$25.24, for a total transaction of C$504,800.00. Following the completion of the sale, the insider directly owned 62,247 shares in the company, valued at approximately C$1,571,114.28. This trade represents a 24.32% decrease in their position.

Peyto Exploration & Development Stock Down 0.1%

PEY stock opened at C$25.26 on Friday. 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 twelve month low of C$17.92 and a twelve month high of C$29.22. The company’s 50 day moving average is C$25.50 and its two-hundred day moving average is C$24.92. The stock has a market cap of C$5.17 billion, a P/E ratio of 10.94, a PEG ratio of -0.46 and a beta of -0.53.

Peyto Exploration & Development (TSE:PEY) last announced its earnings results 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 net margin of 40.47% and a return on equity of 16.78%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PEY. 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 research report on Friday, February 20th. Desjardins boosted their target price on shares of 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. Finally, TD Securities lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 target price on the stock. in a research report on Friday, February 20th. One 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’s stock. According to data from MarketBeat, Peyto Exploration & Development presently has an average rating of “Moderate Buy” and an average price target of C$26.08.

About Peyto Exploration & Development

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.