Lee Russell Curran Sells 59,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 59,000 shares of Peyto Exploration & Development stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of C$21.88, for a total transaction of C$1,290,920.00. Following the completion of the transaction, the insider directly owned 421,844 shares of the company’s stock, valued at approximately C$9,229,946.72. This represents a 12.27% decrease in their position.

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

• On Monday, November 24th, Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$22.27, for a total transaction of C$623,560.00.

Peyto Exploration & Development Stock Performance

Shares of Peyto Exploration & Development stock traded up C$0.06 during trading hours on Friday, reaching 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 P/E ratio of 12.49, a price-to-earnings-growth ratio of -0.46 and a beta of -0.28. The company’s 50 day simple moving average is C$21.01 and its 200 day simple moving average is C$19.74. Peyto Exploration & Development Corp. has a one year low of C$14.57 and a one year high of C$23.74. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. TD Securities increased their price objective on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a report on Thursday. Desjardins upgraded shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$23.50 to C$24.50 in a report on Monday, November 24th. CIBC raised their target price on shares of Peyto Exploration & Development from C$19.25 to C$21.00 in a report on Wednesday, October 15th. Finally, Canaccord Genuity Group lifted their price target on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a research report on Friday, November 14th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Peyto Exploration & Development presently 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.