Todd Burdick Sells 24,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Todd Burdick sold 24,000 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of C$24.20, for a total transaction of C$580,800.00. Following the completion of the sale, the insider directly owned 234,002 shares in the company, valued at approximately C$5,662,848.40. This represents a 9.30% decrease in their position.

Todd Burdick also recently made the following trade(s):

• On Tuesday, May 26th, Todd Burdick sold 27,633 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$25.82, for a total transaction of C$713,484.06.

Peyto Exploration & Development Stock Up 1.9%

Shares of PEY stock opened at C$24.76 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. Peyto Exploration & Development Corp. has a 1 year low of C$17.92 and a 1 year high of C$29.22. The firm’s fifty day moving average price is C$25.20 and its two-hundred day moving average price is C$25.17. The firm 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 (TSE:PEY) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.82 earnings per share for the quarter. The company had revenue of C$426.40 million during the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.

Wall Street Analyst Weigh In

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