Lee Russell Curran Sells 31,500 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEYGet Free Report) insider Lee Russell Curran sold 31,500 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$26.00, for a total value of C$819,000.00. Following the transaction, the insider directly owned 432,664 shares in the company, valued at C$11,249,264. This represents a 6.79% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Up 0.9%

TSE:PEY traded up C$0.24 during mid-day trading on Wednesday, hitting C$25.83. 459,322 shares of the company’s stock traded hands, compared to its average volume of 1,021,366. The company has a fifty day moving average of C$25.85 and a 200 day moving average of C$24.70. Peyto Exploration & Development Corp. has a twelve month low of C$17.92 and a twelve month high of C$29.22. The company has a market capitalization of C$5.29 billion, a P/E ratio of 11.18, a P/E/G ratio of -0.46 and a beta of -0.20. 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 (TSE:PEYGet Free Report) last announced its earnings results on Tuesday, May 12th. The company reported C$0.82 earnings per share (EPS) for the quarter. The company 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

PEY has been the topic of a number of research reports. Desjardins increased 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. Royal Bank Of Canada increased their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Finally, TD Securities lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective on the stock. in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.08.

Read Our Latest Research Report on Peyto Exploration & Development

About Peyto Exploration & Development

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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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Insider Buying and Selling by Quarter for Peyto Exploration & Development (TSE:PEY)

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