Peyto Exploration & Development (TSE:PEY) Insider Derick Nathan Czember Sells 35,000 Shares

Peyto Exploration & Development Corp. (TSE:PEYGet Free Report) insider Derick Nathan Czember sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$26.00, for a total value of C$910,000.00. Following the completion of the sale, the insider owned 111,199 shares of the company’s stock, valued at C$2,891,174. This represents a 23.94% decrease in their position.

Peyto Exploration & Development Price Performance

Shares of PEY stock opened at C$25.71 on Thursday. The stock has a 50 day moving average of C$25.75 and a two-hundred day moving average of C$24.76. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. 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 market capitalization of C$5.27 billion, a P/E ratio of 11.13, a P/E/G ratio of -0.46 and a beta of -0.20.

Peyto Exploration & Development (TSE:PEYGet Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. The business had revenue of C$426.40 million for the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.

Analyst Ratings Changes

Several analysts recently commented on PEY shares. Royal Bank Of Canada boosted their price target on 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. Desjardins boosted 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. Finally, TD Securities lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target on the stock. in a research note on Friday, February 20th. One equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.08.

Check Out Our Latest Stock Report on Peyto Exploration & Development

Peyto Exploration & Development Company Profile

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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.

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