Tavis Aaron Carlson Sells 20,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Tavis Aaron Carlson sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$25.24, for a total value of C$504,800.00. Following the transaction, the insider directly owned 62,247 shares in the company, valued at C$1,571,114.28. This trade represents a 24.32% decrease in their ownership of the stock.

Peyto Exploration & Development Price Performance

Shares of TSE PEY opened at C$25.26 on Monday. The stock has a market cap of C$5.17 billion, a P/E ratio of 10.94, a P/E/G ratio of -0.46 and a beta of -0.53. The firm’s 50-day simple moving average is C$25.50 and its 200 day simple moving average is C$24.94. Peyto Exploration & Development Corp. has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62.

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 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 Analyst Weigh In

Several research analysts have recently issued reports on PEY shares. Royal Bank Of Canada raised 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 research note on Friday, February 20th. TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 target price for the company. in a research report on Friday, February 20th. Finally, Desjardins increased 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 note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock 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.