Peyto Exploration & Development (TSE:PEY) Insider Michael Richard Collens Sells 14,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of C$25.80, for a total value of C$361,200.00. Following the completion of the transaction, the insider owned 27,386 shares in the company, valued at C$706,558.80. This represents a 33.83% decrease in their position.

Peyto Exploration & Development Stock Up 0.5%

PEY stock opened at C$25.71 on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62. The stock’s 50 day moving average is C$25.75 and its 200-day moving average is C$24.76. Peyto Exploration & Development Corp. has a twelve month low of C$17.92 and a twelve month high of C$29.22. The firm has a market capitalization of C$5.27 billion, a PE ratio of 11.13, a P/E/G ratio of -0.46 and a beta of -0.20.

Peyto Exploration & Development (TSE:PEY) last released 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 for the quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. TD Securities lowered shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target on the stock. in a research report on Friday, February 20th. Royal Bank Of Canada lifted their price target on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Finally, Desjardins lifted their price target on 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Peyto Exploration & Development presently has an average rating of “Moderate Buy” and an average price target 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.