Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells 21,500 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Eugene Rees sold 21,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of C$25.41, for a total value of C$546,315.00. Following the sale, the insider directly owned 62,054 shares in the company, valued at approximately C$1,576,792.14. This represents a 25.73% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Performance

Shares of PEY stock traded down C$0.33 on Wednesday, hitting C$25.21. 403,924 shares of the stock traded hands, compared to its average volume of 1,034,655. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. The company has a market capitalization of C$5.16 billion, a PE ratio of 10.91, a PEG ratio of -0.46 and a beta of -0.20. Peyto Exploration & Development Corp. has a 1-year low of C$17.92 and a 1-year high of C$29.22. The company’s fifty day moving average is C$26.12 and its 200 day moving average is C$24.58.

Peyto Exploration & Development (TSE:PEY) last issued its earnings results on Tuesday, May 12th. The company reported C$0.82 earnings per share for the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.The firm had revenue of C$426.40 million for the quarter.

Analysts Set New Price Targets

PEY has been the topic of several analyst reports. Desjardins increased their target price on 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. Royal Bank Of Canada increased their target price on 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. Finally, TD Securities lowered 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 research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Peyto Exploration & Development presently 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.