Tavis Aaron Carlson Sells 20,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Tavis Aaron Carlson sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$25.24, for a total value of C$504,800.00. Following the completion of the transaction, the insider owned 62,247 shares in the company, valued at C$1,571,114.28. The trade was a 24.32% decrease in their position.

Peyto Exploration & Development Trading Down 0.1%

Shares of TSE:PEY traded down C$0.02 during midday trading on Friday, reaching C$25.26. 416,812 shares of the company’s stock were exchanged, compared to its average volume of 993,859. The firm’s 50 day simple moving average is C$25.50 and its two-hundred day simple moving average is C$24.92. 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 stock has a market cap of C$5.17 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of -0.46 and a beta of -0.53. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32.

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 company had revenue of C$426.40 million for the quarter.

Analyst Ratings Changes

PEY has been the topic of several research reports. TD Securities lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target on the stock. in a research note on Friday, February 20th. 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 report on Friday, February 20th. Finally, Desjardins increased their price objective on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently 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.