Riley Millar Frame Sells 36,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 36,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, May 25th. The stock was sold at an average price of C$26.32, for a total value of C$947,520.00. Following the transaction, the insider owned 138,452 shares in the company, valued at approximately C$3,644,056.64. The trade was a 20.64% decrease in their position.

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

• On Friday, April 17th, Riley Millar Frame acquired 1,550 shares of Peyto Exploration & Development stock. The shares were bought at an average price of C$24.07 per share, for a total transaction of C$37,308.50.

Peyto Exploration & Development Trading Down 3.7%

Peyto Exploration & Development stock traded down C$0.98 during trading on Monday, reaching C$25.75. 637,215 shares of the company were exchanged, compared to its average volume of 1,043,917. 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 market capitalization of C$5.28 billion, a P/E ratio of 11.15, a PEG ratio of -0.46 and a beta of -0.20. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. The stock’s 50 day simple moving average is C$26.19 and its two-hundred day simple moving average is C$24.55.

Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings data 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 firm had revenue of C$426.40 million for the quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on PEY. Desjardins lifted their target price on 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. TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 target price on the stock. in a research report on Friday, February 20th. Finally, Royal Bank Of Canada lifted their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. One investment 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’s stock. According to MarketBeat.com, the stock currently has an average 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.