Peyto Exploration & Development (TSE:PEY) Insider Sells C$504,800.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Tavis Aaron Carlson sold 20,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of C$25.24, for a total value of C$504,800.00. Following the transaction, the insider owned 62,247 shares of the company’s stock, valued at C$1,571,114.28. This represents a 24.32% decrease in their ownership of the stock.

Peyto Exploration & Development Trading Down 2.4%

Shares of PEY opened at C$24.65 on Tuesday. The stock has a fifty day moving average of C$25.48 and a two-hundred day moving average of C$24.95. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. The company has a market capitalization of C$5.05 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of -0.46 and a beta of -0.53. 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 issued its quarterly earnings results 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 brokerages have weighed in on PEY. TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target for the company. in a report on Friday, February 20th. Royal Bank Of Canada boosted their price target on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Finally, Desjardins boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Peyto Exploration & Development presently has an average rating of “Moderate Buy” and an average target price 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.