Lee Russell Curran Sells 28,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 28,000 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of C$24.75, for a total transaction of C$693,000.00. Following the completion of the sale, the insider owned 432,664 shares in the company, valued at C$10,708,434. This represents a 6.08% decrease in their position.

Lee Russell Curran also recently made the following trade(s):

• On Wednesday, June 3rd, Lee Russell Curran sold 31,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$26.00, for a total transaction of C$819,000.00.

Peyto Exploration & Development Stock Performance

Shares of PEY opened at C$24.47 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. The company has a market capitalization of C$5.01 billion, a price-to-earnings ratio of 10.59, a PEG ratio of -0.46 and a beta of -0.50. The stock has a 50 day moving average of C$25.18 and a 200 day moving average of C$25.18. Peyto Exploration & Development Corp. has a 12 month low of C$17.92 and a 12 month 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 EPS for the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.The business had revenue of C$426.40 million for the quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PEY. National Bank Financial boosted 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 report on Wednesday. Desjardins raised 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 report on Thursday, March 12th. Finally, Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Peyto Exploration & Development presently has a consensus 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.