Derick Nathan Czember Sells 25,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

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

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 stock was sold at an average price of C$26.00, for a total transaction of C$910,000.00.

Peyto Exploration & Development Trading Up 0.2%

Peyto Exploration & Development stock opened at C$25.48 on Thursday. The company has a market cap of C$5.22 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of -0.46 and a beta of -0.51. The firm has a 50-day moving average of C$24.80 and a 200-day moving average of C$25.59. 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 one year low of C$17.92 and a one year high of C$29.22.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. National Bank Financial increased their price target 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 raised shares of Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.