Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$636,250.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Derick Nathan Czember sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$25.45, for a total value of C$636,250.00. Following the completion of the transaction, the insider owned 114,505 shares in the company, valued at C$2,914,152.25. This represents a 17.92% decrease in their ownership of the stock.

Derick Nathan Czember also recently made the following trade(s):

• On Wednesday, June 3rd, Derick Nathan Czember sold 35,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$26.00, for a total value of C$910,000.00.

Peyto Exploration & Development Price Performance

Shares of TSE PEY traded up C$0.14 during midday trading on Tuesday, hitting C$25.30. 370,339 shares of the company’s stock were exchanged, compared to its average volume of 882,660. The company has a current ratio of 1.63, a quick ratio of 0.32 and a debt-to-equity ratio of 34.98. The business’s fifty day moving average price is C$24.75 and its two-hundred day moving average price is C$25.60. The company has a market cap of C$5.18 billion, a price-to-earnings ratio of 10.59, a PEG ratio of -0.46 and a beta of -0.51. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month high of C$29.22.

Peyto Exploration & Development (TSE:PEY) last announced its earnings results on Tuesday, August 11th. The company reported C$0.50 earnings per share (EPS) for the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%. The business had revenue of C$340.45 million during the quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. National Bank Financial raised their price target on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Peyto Exploration & Development has an average rating of “Moderate Buy” and an average price target of C$26.64.

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.