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

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of C$23.90, for a total value of C$83,650.00. Following the completion of the transaction, the insider owned 138,454 shares in the company, valued at approximately 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 stock was 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 shares were purchased at an average price of C$24.07 per share, with a total value of C$37,308.50.

Peyto Exploration & Development Stock Down 1.4%

TSE PEY opened at C$23.66 on Wednesday. The business has a fifty day moving average price of C$25.24 and a 200 day moving average price of C$25.10. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. The company has a market cap of C$4.85 billion, a P/E 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 earnings results on Tuesday, May 12th. The company reported C$0.82 earnings per share (EPS) for the quarter. The company 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%.

Analysts Set New Price Targets

A number of research analysts have weighed in on PEY shares. Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. Desjardins upped their price target on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.