Peyto Exploration & Development (TSE:PEY) Insider Sells C$546,315.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Eugene Rees sold 21,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of C$25.41, for a total value of C$546,315.00. Following the completion of the transaction, the insider directly owned 62,054 shares in the company, valued at C$1,576,792.14. The trade was a 25.73% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Down 1.1%

Shares of PEY stock opened at C$24.83 on Friday. The stock’s 50 day simple moving average is C$25.92 and its 200 day simple moving average is C$24.64. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. Peyto Exploration & Development Corp. has a twelve month low of C$17.92 and a twelve month high of C$29.22. The company has a market capitalization of C$5.09 billion, a price-to-earnings ratio of 10.75, a PEG ratio of -0.46 and a beta of -0.20.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.82 earnings per share 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.

Analysts Set New Price Targets

PEY has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Desjardins raised their price objective on 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. Finally, TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective on the stock. in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Peyto Exploration & Development 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.