Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$361,200.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEYGet Free Report) insider Michael Richard Collens sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of C$25.80, for a total value of C$361,200.00. Following the transaction, the insider owned 27,386 shares of the company’s stock, valued at approximately C$706,558.80. This trade represents a 33.83% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Performance

Peyto Exploration & Development stock traded up C$0.24 during midday trading on Wednesday, hitting C$25.83. The stock had a trading volume of 459,322 shares, compared to its average volume of 1,021,366. 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 market capitalization of C$5.29 billion, a PE ratio of 11.18, a P/E/G ratio of -0.46 and a beta of -0.20. The firm’s fifty day moving average is C$25.85 and its two-hundred day moving average is C$24.70. 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 (TSE:PEYGet Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 earnings per share for the quarter. The business had revenue of C$426.40 million during the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%.

Analyst Upgrades and Downgrades

PEY has been the subject of a number of analyst reports. Royal Bank Of Canada increased their price objective on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. TD Securities cut shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective for the company. in a research note on Friday, February 20th. Finally, Desjardins increased their price objective on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$26.08.

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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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