Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells 25,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Derick Nathan Czember sold 25,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of C$21.50, for a total value of C$537,500.00. Following the sale, the insider owned 93,697 shares in the company, valued at approximately C$2,014,485.50. This represents a 21.06% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Up 0.3%

Shares of PEY stock traded up C$0.06 during mid-day trading on Friday, hitting C$22.98. The company’s stock had a trading volume of 739,440 shares, compared to its average volume of 879,734. The stock has a market cap of C$4.64 billion, a price-to-earnings ratio of 12.49, a PEG ratio of -0.46 and a beta of -0.28. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. Peyto Exploration & Development Corp. has a 52-week low of C$14.57 and a 52-week high of C$23.74. The business has a 50-day moving average price of C$21.01 and a 200 day moving average price of C$19.74.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. CIBC upped their target price on shares of Peyto Exploration & Development from C$19.25 to C$21.00 in a research note on Wednesday, October 15th. TD Securities boosted their price objective on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group increased their price objective on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a research report on Friday, November 14th. Finally, Desjardins raised shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$23.50 to C$24.50 in a research report on Monday, November 24th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$22.44.

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.