Peyto Exploration & Development (TSE:PEY) Insider Tavis Aaron Carlson Sells 21,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Tavis Aaron Carlson sold 21,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of C$24.05, for a total transaction of C$505,050.00. Following the completion of the transaction, the insider owned 64,447 shares of the company’s stock, valued at C$1,549,950.35. This trade represents a 24.58% decrease in their position.

Tavis Aaron Carlson also recently made the following trade(s):

• On Tuesday, July 14th, Tavis Aaron Carlson bought 2,200 shares of Peyto Exploration & Development stock. The stock was acquired at an average cost of C$24.05 per share, for a total transaction of C$52,910.00.
• On Wednesday, June 10th, Tavis Aaron Carlson sold 20,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$25.24, for a total value of C$504,800.00.

Peyto Exploration & Development Price Performance

PEY stock traded down C$0.09 during midday trading on Tuesday, reaching C$24.13. 269,568 shares of the company’s stock traded hands, compared to its average volume of 944,289. The company has a 50-day simple moving average of C$25.10 and a two-hundred day simple moving average of C$25.20. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62. Peyto Exploration & Development Corp. has a 1-year low of C$17.92 and a 1-year high of C$29.22. The company has a market cap of C$4.94 billion, a price-to-earnings ratio of 10.45, a PEG ratio of -0.46 and a beta of -0.50.

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

Analyst Upgrades and Downgrades

PEY has been the subject of several research reports. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. National Bank Financial raised their price target on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.64.

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.