Michael Richard Collens Sells 13,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 13,000 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of C$24.25, for a total transaction of C$315,250.00. Following the completion of the transaction, the insider directly owned 27,386 shares of the company’s stock, valued at approximately C$664,110.50. This trade represents a 32.19% decrease in their ownership of the stock.

Michael Richard Collens also recently made the following trade(s):

• On Wednesday, June 3rd, Michael Richard Collens sold 14,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$25.80, for a total value of C$361,200.00.

Peyto Exploration & Development Stock Performance

TSE PEY opened at C$24.76 on Thursday. The business has a 50 day moving average price of C$25.20 and a 200 day moving average price of C$25.17. The company has a market capitalization of C$5.07 billion, a P/E ratio of 10.72, a PEG ratio of -0.46 and a beta of -0.50. Peyto Exploration & Development Corp. has a 1-year low of C$17.92 and a 1-year high of C$29.22. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32.

Peyto Exploration & Development (TSE:PEY) last posted its earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. The company had revenue of C$426.40 million for the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. National Bank Financial upped their price target on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday. Desjardins increased their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Scotiabank raised Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$26.64.

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.