Peyto Exploration & Development (TSE:PEY) Insider Sells C$429,600.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Eugene Rees sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of C$21.48, for a total value of C$429,600.00. Following the sale, the insider owned 38,054 shares of the company’s stock, valued at approximately C$817,399.92. The trade was a 34.45% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Down 0.1%

Shares of TSE PEY opened at C$22.95 on Tuesday. The stock has a market capitalization of C$4.63 billion, a P/E ratio of 12.47, a PEG ratio of -0.46 and a beta of -0.28. The stock’s fifty day moving average is C$21.09 and its 200 day moving average is C$19.78. Peyto Exploration & Development Corp. has a 52 week low of C$14.57 and a 52 week high of C$23.74. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PEY. Desjardins upgraded shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating and boosted their target price for the company from C$23.50 to C$24.50 in a research report on Monday, November 24th. CIBC upped their target price on Peyto Exploration & Development from C$19.25 to C$21.00 in a research note on Wednesday, October 15th. Canaccord Genuity Group boosted their price target on Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. Finally, TD Securities raised their price objective on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy” and an average target price of C$22.44.

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.