Michael Richard Collens Sells 13,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 13,000 shares of Peyto Exploration & Development stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of C$24.25, for a total transaction of C$315,250.00. Following the completion of the transaction, the insider directly owned 27,386 shares of the company’s stock, valued at approximately C$664,110.50. This represents a 32.19% decrease in their position.

Michael Richard Collens also recently made the following trade(s):

• On Wednesday, June 3rd, Michael Richard Collens sold 14,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$25.80, for a total transaction of C$361,200.00.

Peyto Exploration & Development Stock Performance

Shares of TSE PEY traded up C$0.54 during midday trading on Tuesday, hitting C$24.29. The company’s stock had a trading volume of 516,195 shares, compared to its average volume of 955,297. Peyto Exploration & Development Corp. has a 1-year low of C$17.92 and a 1-year high of C$29.22. The firm’s fifty day moving average price is C$25.21 and its 200-day moving average price is C$25.14. 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 firm has a market cap of C$4.98 billion, a P/E ratio of 10.52, a P/E/G ratio of -0.46 and a beta of -0.50.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.82 earnings per share for the quarter. The firm had revenue of C$426.40 million for the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%.

Wall Street Analyst Weigh In

PEY has been the subject of several analyst reports. Desjardins boosted their price target on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Scotiabank raised shares of Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.