Riley Millar Frame Sells 21,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 21,000 shares of the stock in a transaction dated Friday, June 19th. The stock was sold at an average price of C$24.42, for a total value of C$512,820.00. Following the transaction, the insider owned 141,954 shares of the company’s stock, valued at approximately C$3,466,516.68. The trade was a 12.89% decrease in their ownership of the stock.

Riley Millar Frame also recently made the following trade(s):

• On Monday, May 25th, Riley Millar Frame sold 36,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$26.32, for a total value of C$947,520.00.
• On Friday, April 17th, Riley Millar Frame bought 1,550 shares of Peyto Exploration & Development stock. The stock was purchased at an average price of C$24.07 per share, for a total transaction of C$37,308.50.

Peyto Exploration & Development Stock Performance

TSE PEY opened at C$24.44 on Friday. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. 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 stock’s 50 day moving average price is C$25.38 and its two-hundred day moving average price is C$25.00. The stock has a market capitalization of C$5.01 billion, a price-to-earnings ratio of 10.58, a PEG ratio of -0.46 and a beta of -0.53.

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. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%. The company had revenue of C$426.40 million during the quarter.

Analyst Ratings Changes

Separately, Desjardins raised 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 report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, 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.