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

Peyto Exploration & Development Corp. (TSE:PEY) insider Crissy Rafoss sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of C$22.27, for a total transaction of C$178,160.00. Following the completion of the sale, the insider owned 19,656 shares in the company, valued at approximately C$437,739.12. The trade was a 28.93% decrease in their ownership of the stock.

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

• On Wednesday, September 3rd, Crissy Rafoss purchased 5,500 shares of Peyto Exploration & Development stock. The shares were purchased at an average cost of C$18.51 per share, for a total transaction of C$101,805.00.
• On Wednesday, September 3rd, Crissy Rafoss purchased 4,400 shares of Peyto Exploration & Development stock. The shares were acquired at an average price of C$18.50 per share, for a total transaction of C$81,400.00.
• On Wednesday, September 3rd, Crissy Rafoss purchased 4,550 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$18.50 per share, for a total transaction of C$84,175.00.

Peyto Exploration & Development Trading Up 3.1%

TSE PEY traded up C$0.66 during mid-day trading on Monday, reaching C$22.10. 1,047,522 shares of the stock were exchanged, compared to its average volume of 889,105. The stock has a 50 day simple moving average of C$19.80 and a 200-day simple moving average of C$19.38. Peyto Exploration & Development Corp. has a one year low of C$14.57 and a one year high of C$22.56. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32. The stock has a market cap of C$4.46 billion, a P/E ratio of 12.01, a P/E/G ratio of -0.46 and a beta of -0.16.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. CIBC boosted their target price on shares of Peyto Exploration & Development from C$19.25 to C$21.00 in a research report on Wednesday, October 15th. Canaccord Genuity Group lifted their price objective on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating and increased their price target for the company from C$23.50 to C$24.50 in a research report on Monday. Finally, TD Securities increased their price target on shares of Peyto Exploration & Development from C$21.00 to C$23.00 in a research report on Friday, November 14th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.22.

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.