Riley Millar Frame Sells 3,500 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 3,500 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of C$23.90, for a total transaction of C$83,650.00. Following the completion of the sale, the insider owned 138,454 shares of the company’s stock, valued at C$3,309,050.60. This trade represents a 2.47% decrease in their position.

Riley Millar Frame also recently made the following trade(s):

• On Friday, June 19th, Riley Millar Frame sold 21,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.42, for a total value of C$512,820.00.
• On Monday, May 25th, Riley Millar Frame sold 36,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$26.32, for a total value of C$947,520.00.
• On Friday, April 17th, Riley Millar Frame purchased 1,550 shares of Peyto Exploration & Development stock. The stock was acquired at an average price of C$24.07 per share, for a total transaction of C$37,308.50.

Peyto Exploration & Development Trading Down 1.4%

Shares of PEY stock traded down C$0.33 on Tuesday, reaching C$23.66. 972,161 shares of the company’s stock were exchanged, compared to its average volume of 967,413. The company’s fifty day simple moving average is C$25.24 and its 200 day simple moving average is C$25.10. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. The stock has a market capitalization of C$4.85 billion, a PE ratio of 10.24, a P/E/G ratio of -0.46 and a beta of -0.53.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings data 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a report on Friday. Desjardins boosted 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 research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.08.

Peyto Exploration & Development Company Profile

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.