Peyto Exploration & Development (TSE:PEY) Insider Todd Burdick Sells 24,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Todd Burdick sold 24,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of C$24.20, for a total transaction of C$580,800.00. Following the transaction, the insider directly owned 234,002 shares in the company, valued at C$5,662,848.40. The trade was a 9.30% decrease in their position.

Todd Burdick also recently made the following trade(s):

• On Tuesday, May 26th, Todd Burdick sold 27,633 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$25.82, for a total transaction of C$713,484.06.

Peyto Exploration & Development Trading Up 2.3%

Shares of TSE PEY opened at C$24.29 on Wednesday. The company’s fifty day moving average is C$25.21 and its 200-day moving average is C$25.14. The stock has a market cap of C$4.98 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of -0.46 and a beta of -0.50. Peyto Exploration & Development Corp. has a twelve month low of C$17.92 and a twelve month high of C$29.22. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Desjardins lifted their price objective on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Scotiabank raised Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.