Peyto Exploration & Development Corp. (TSE:PEY – Get Free Report) insider Michael Eugene Rees sold 18,000 shares of Peyto Exploration & Development stock in a transaction dated Friday, June 19th. The shares were sold at an average price of C$24.42, for a total value of C$439,560.00. Following the transaction, the insider owned 64,760 shares of the company’s stock, valued at C$1,581,439.20. The trade was a 21.75% decrease in their position.
Michael Eugene Rees also recently made the following trade(s):
- On Wednesday, May 27th, Michael Eugene Rees sold 21,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$25.41, for a total value of C$546,315.00.
Peyto Exploration & Development Stock Performance
Shares of PEY traded down C$0.01 during mid-day trading on Friday, reaching C$24.43. The company had a trading volume of 298,542 shares, compared to its average volume of 980,899. Peyto Exploration & Development Corp. has a 52-week low of C$17.92 and a 52-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. The stock has a market capitalization of C$5.00 billion, a P/E ratio of 10.58, a PEG ratio of -0.46 and a beta of -0.53. The stock has a 50 day moving average of C$25.40 and a two-hundred day moving average of C$25.01.
Analyst Ratings Changes
A number of equities research analysts have recently commented on PEY shares. TD Securities cut shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective on the stock. in a research note on Friday, February 20th. Desjardins boosted their target price on shares of 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, Royal Bank Of Canada increased their price target on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.08.
View Our Latest Stock Analysis on PEY
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.
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