Todd Burdick Sells 27,633 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Todd Burdick sold 27,633 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$25.82, for a total transaction of C$713,484.06. Following the transaction, the insider owned 230,500 shares of the company’s stock, valued at C$5,951,510. This represents a 10.70% decrease in their position.

Peyto Exploration & Development Stock Performance

TSE:PEY traded down C$0.21 on Tuesday, reaching C$25.54. 762,107 shares of the company’s stock were exchanged, compared to its average volume of 1,041,099. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. The firm has a market cap of C$5.23 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of -0.46 and a beta of -0.20. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. The stock has a fifty day simple moving average of C$26.12 and a 200-day simple moving average of C$24.58.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PEY shares. Royal Bank Of Canada increased their price target on shares of 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. TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target on the stock. in a report on Friday, February 20th. Finally, Desjardins increased their price target on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.