Michael Eugene Rees Sells 18,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Eugene Rees sold 18,000 shares of the stock in a transaction dated Friday, June 19th. The shares were sold at an average price of C$24.42, for a total value of C$439,560.00. Following the completion of the sale, the insider directly owned 64,760 shares of the company’s stock, valued at approximately C$1,581,439.20. The trade was a 21.75% decrease in their position.

Michael Eugene Rees also recently made the following trade(s):

• On Wednesday, May 27th, Michael Eugene Rees sold 21,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$25.41, for a total value of C$546,315.00.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at C$24.44 on Friday. The stock’s 50 day moving average is C$25.38 and its 200 day moving average is C$25.00. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22. The firm has a market cap of C$5.01 billion, a P/E ratio of 10.58, a P/E/G ratio of -0.46 and a beta of -0.53. 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 released its 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%.

Wall Street Analysts Forecast Growth

Separately, Desjardins upped their price objective 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 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$26.08.

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.