Peyto Exploration & Development (TSE:PEY) Insider Crissy Rafoss Sells 6,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Crissy Rafoss sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of C$24.25, for a total transaction of C$145,500.00. Following the sale, the insider directly owned 25,066 shares of the company’s stock, valued at approximately C$607,850.50. This trade represents a 19.31% decrease in their ownership of the stock.

Crissy Rafoss also recently made the following trade(s):

• On Friday, June 19th, Crissy Rafoss sold 11,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.49, for a total transaction of C$281,635.00.

Peyto Exploration & Development Price Performance

Shares of PEY stock opened at C$24.29 on Wednesday. The firm’s 50 day moving average price is C$25.21 and its two-hundred day moving average price is C$25.14. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. Peyto Exploration & Development Corp. has a 52-week low of C$17.92 and a 52-week high of C$29.22. The stock has a market cap of C$4.98 billion, a PE ratio of 10.52, a PEG ratio of -0.46 and a beta of -0.50.

Peyto Exploration & Development (TSE:PEY) last issued its earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. The company 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%.

Analysts Set New Price Targets

A number of research firms recently commented on PEY. Desjardins upped their price objective on 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. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$26.08.

Peyto Exploration & Development Company Profile

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.