Crissy Rafoss Sells 8,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Crissy Rafoss sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of C$25.05, for a total transaction of C$200,400.00. Following the completion of the transaction, the insider owned 26,868 shares in the company, valued at approximately C$673,043.40. This represents a 22.94% decrease in their position.

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

• On Tuesday, July 7th, Crissy Rafoss sold 6,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.25, for a total transaction of C$145,500.00.
• 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 Trading Up 1.1%

Peyto Exploration & Development stock opened at C$25.22 on Friday. Peyto Exploration & Development Corp. has a 12 month low of C$17.92 and a 12 month high of C$29.22. The company has a quick ratio of 0.32, a current ratio of 1.63 and a debt-to-equity ratio of 34.98. The stock has a market cap of C$5.17 billion, a P/E ratio of 10.55, a P/E/G ratio of -0.46 and a beta of -0.51. The company’s fifty day simple moving average is C$24.73 and its 200-day simple moving average is C$25.60.

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. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.The business had revenue of C$340.45 million during the quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. National Bank Financial raised their price objective on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently 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.