Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells 28,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$25.45, for a total value of C$712,600.00. Following the transaction, the insider directly owned 436,270 shares of the company’s stock, valued at C$11,103,071.50. This trade represents a 6.03% decrease in their position.

Lee Russell Curran also recently made the following trade(s):

• On Wednesday, July 8th, Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.75, for a total transaction of C$693,000.00.
• On Wednesday, June 3rd, Lee Russell Curran sold 31,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$26.00, for a total transaction of C$819,000.00.

Peyto Exploration & Development Price Performance

Shares of TSE PEY traded up C$0.14 on Tuesday, hitting C$25.30. The company’s stock had a trading volume of 370,339 shares, compared to its average volume of 882,660. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month high of C$29.22. The company has a market capitalization of C$5.18 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of -0.46 and a beta of -0.51. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32. The stock has a 50 day moving average of C$24.75 and a 200-day moving average of C$25.60.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.50 EPS for the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%. The business had revenue of C$340.45 million for the quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PEY. Scotiabank raised Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. National Bank Financial lifted their price objective on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy” and an average target price of C$26.64.

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.