Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$1,290,920.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 59,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of C$21.88, for a total transaction of C$1,290,920.00. Following the completion of the transaction, the insider directly owned 421,844 shares in the company, valued at approximately C$9,229,946.72. This represents a 12.27% decrease in their position.

Lee Russell Curran also recently made the following trade(s):

• On Monday, November 24th, Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$22.27, for a total transaction of C$623,560.00.

Peyto Exploration & Development Stock Performance

Shares of PEY opened at C$22.95 on Tuesday. The company has a market capitalization of C$4.63 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of -0.46 and a beta of -0.28. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.28 and a quick ratio of 0.32. Peyto Exploration & Development Corp. has a one year low of C$14.57 and a one year high of C$23.74. The company’s fifty day moving average price is C$21.09 and its 200 day moving average price is C$19.78.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$23.50 to C$24.50 in a research report on Monday, November 24th. TD Securities raised their price objective on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. CIBC boosted their target price on shares of Peyto Exploration & Development from C$19.25 to C$21.00 in a research report on Wednesday, October 15th. Finally, Canaccord Genuity Group increased their price target on shares of Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.