Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$819,000.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 31,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$26.00, for a total transaction of C$819,000.00. Following the completion of the sale, the insider owned 432,664 shares in the company, valued at approximately C$11,249,264. This trade represents a 6.79% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Down 2.2%

Shares of PEY opened at C$25.22 on Friday. The firm has a market cap of C$5.17 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of -0.46 and a beta of -0.53. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month high of C$29.22. The company’s 50-day moving average price is C$25.65 and its 200 day moving average price is C$24.79. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62.

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

Wall Street Analyst Weigh In

PEY has been the topic of several research analyst reports. Desjardins boosted their price objective on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Royal Bank Of Canada boosted their price objective on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Finally, TD Securities lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective on the stock. in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.