Crissy Rafoss Sells 6,900 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Crissy Rafoss sold 6,900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of C$21.75, for a total value of C$150,075.00. Following the completion of the sale, the insider owned 19,656 shares in the company, valued at approximately C$427,518. This represents a 25.98% decrease in their ownership of the stock.

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

• On Monday, November 24th, Crissy Rafoss sold 8,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$22.27, for a total value of C$178,160.00.

Peyto Exploration & Development Trading Up 0.3%

TSE:PEY opened at C$22.98 on Monday. The stock has a market cap of C$4.64 billion, a price-to-earnings ratio of 12.49, a PEG ratio of -0.46 and a beta of -0.28. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. Peyto Exploration & Development Corp. has a 1 year low of C$14.57 and a 1 year high of C$23.74. The business has a fifty day moving average of C$21.01 and a 200-day moving average of C$19.75.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PEY shares. Canaccord Genuity Group raised their target price on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a research note on Friday, November 14th. TD Securities raised their price objective on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a research note on Thursday. Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$23.50 to C$24.50 in a report on Monday, November 24th. Finally, CIBC upped their target price on Peyto Exploration & Development from C$19.25 to C$21.00 in a research report on Wednesday, October 15th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy” and an average price target of C$22.44.

Peyto Exploration & Development Company Profile

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.