Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells 31,500 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 31,500 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$26.00, for a total value of C$819,000.00. Following the sale, the insider directly owned 432,664 shares in the company, valued at approximately C$11,249,264. This trade represents a 6.79% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Performance

Peyto Exploration & Development stock traded up C$0.24 during midday trading on Wednesday, hitting C$25.83. 459,322 shares of the company were exchanged, compared to its average volume of 1,021,366. The firm has a market capitalization of C$5.29 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of -0.46 and a beta of -0.20. Peyto Exploration & Development Corp. has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22. The business has a fifty day simple moving average of C$25.85 and a two-hundred day simple moving average of C$24.70. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PEY. Royal Bank Of Canada increased their price target 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. Desjardins increased their price target 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. Finally, TD Securities downgraded 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 equities 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.