Peyto Exploration & Development (TSE:PEY) Insider Sells C$537,500.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Derick Nathan Czember sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of C$21.50, for a total value of C$537,500.00. Following the transaction, the insider directly owned 93,697 shares in the company, valued at C$2,014,485.50. This trade represents a 21.06% decrease in their ownership of the stock.

Peyto Exploration & Development Trading Down 0.1%

TSE PEY opened at C$22.95 on Tuesday. The stock has a 50-day moving average of C$21.09 and a 200-day moving average of C$19.78. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. Peyto Exploration & Development Corp. has a 1-year low of C$14.57 and a 1-year high of C$23.74. The firm has a market cap 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.

Analysts Set New Price Targets

Several research analysts have recently issued reports 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 report on Friday, November 14th. TD Securities increased their price target on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Desjardins upgraded shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$23.50 to C$24.50 in a research report on Monday, November 24th. Finally, CIBC upped their price objective on shares of Peyto Exploration & Development from C$19.25 to C$21.00 in a research note on Wednesday, October 15th. Five investment 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, Peyto Exploration & Development 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.