Peyto Exploration & Development (TSE:PEY) Insider Sells C$910,000.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Derick Nathan Czember sold 35,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$26.00, for a total value of C$910,000.00. Following the transaction, the insider owned 111,199 shares of the company’s stock, valued at approximately C$2,891,174. This represents a 23.94% decrease in their ownership of the stock.

Peyto Exploration & Development Trading Down 2.2%

PEY opened at C$25.22 on Friday. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. The business has a fifty day simple moving average of C$25.65 and a 200-day simple moving average of C$24.79. The firm has a market cap of C$5.17 billion, a P/E ratio of 10.92, a P/E/G ratio of -0.46 and a beta of -0.53. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62.

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

Wall Street Analysts Forecast Growth

PEY has been the subject of several research analyst reports. TD Securities lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target for the company. in a research report on Friday, February 20th. Desjardins lifted their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Royal Bank Of Canada lifted their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a 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 stock. Based on data from MarketBeat, the company 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.