Peyto Exploration & Development (TSE:PEY) Insider Todd Burdick Sells 27,633 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Todd Burdick sold 27,633 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$25.82, for a total transaction of C$713,484.06. Following the sale, the insider directly owned 230,500 shares of the company’s stock, valued at approximately C$5,951,510. This trade represents a 10.70% decrease in their ownership of the stock.

Peyto Exploration & Development Trading Down 0.8%

PEY opened at C$25.54 on Wednesday. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. The company has a market cap of C$5.23 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of -0.46 and a beta of -0.20. The firm has a 50 day simple moving average of C$26.12 and a 200 day simple moving average of C$24.58. Peyto Exploration & Development Corp. has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22.

Peyto Exploration & Development (TSE:PEY) 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%.

Analysts Set New Price Targets

Several brokerages have commented on PEY. TD Securities downgraded shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 target price for the company. in a research note on Friday, February 20th. Royal Bank Of Canada upped their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Finally, Desjardins upped their target price on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$26.08.

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.