Michael Richard Collens Sells 14,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of C$25.80, for a total transaction of C$361,200.00. Following the completion of the transaction, the insider directly owned 27,386 shares of the company’s stock, valued at approximately C$706,558.80. This represents a 33.83% decrease in their position.

Peyto Exploration & Development Stock Performance

TSE:PEY opened at C$25.80 on Friday. 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$5.29 billion, a PE ratio of 11.17, a P/E/G ratio of -0.46 and a beta of -0.20. Peyto Exploration & Development Corp. has a 1-year low of C$17.92 and a 1-year high of C$29.22. The firm has a 50 day simple moving average of C$25.71 and a 200-day simple moving average of C$24.79.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 earnings per share 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%.

Analyst Ratings Changes

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