Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$712,600.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 28,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$25.45, for a total value of C$712,600.00. Following the transaction, the insider owned 436,270 shares in the company, valued at C$11,103,071.50. The trade was a 6.03% decrease in their position.

Lee Russell Curran also recently made the following trade(s):

• On Wednesday, July 8th, Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$24.75, for a total value of C$693,000.00.
• On Wednesday, June 3rd, Lee Russell Curran sold 31,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$26.00, for a total value of C$819,000.00.

Peyto Exploration & Development Stock Down 0.7%

Peyto Exploration & Development stock opened at C$25.31 on Friday. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32. Peyto Exploration & Development Corp. has a 1-year low of C$17.92 and a 1-year high of C$29.22. The company has a market cap of C$5.18 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of -0.46 and a beta of -0.51. The stock’s 50 day moving average price is C$24.83 and its 200 day moving average price is C$25.58.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. National Bank Financial raised their price objective on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently 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.