Peyto Exploration & Development (TSE:PEY) Insider Riley Millar Frame Sells 27,000 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 27,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$24.83, for a total value of C$670,410.00. Following the sale, the insider directly owned 145,510 shares in the company, valued at C$3,613,013.30. The trade was a 15.65% decrease in their position.

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

• On Thursday, July 2nd, Riley Millar Frame purchased 3,750 shares of Peyto Exploration & Development stock. The stock was acquired at an average cost of C$23.84 per share, for a total transaction of C$89,400.00.
• On Thursday, June 25th, Riley Millar Frame sold 3,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$23.90, for a total transaction of C$83,650.00.
• On Friday, June 19th, Riley Millar Frame sold 21,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.42, for a total transaction of C$512,820.00.

Peyto Exploration & Development Price Performance

TSE:PEY traded down C$0.36 during mid-day trading on Monday, hitting C$24.93. The company’s stock had a trading volume of 379,115 shares, compared to its average volume of 893,597. The company has a market capitalization of C$5.11 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of -0.46 and a beta of -0.51. The company has a current ratio of 1.63, a quick ratio of 0.32 and a debt-to-equity ratio of 34.98. Peyto Exploration & Development Corp. has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22. The stock has a fifty day moving average of C$24.71 and a 200-day moving average of C$25.60.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.50 earnings per share for the quarter. The company had revenue of C$340.45 million for the quarter. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PEY shares. National Bank Financial boosted 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 research report on Wednesday, July 8th. Scotiabank raised Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$26.64.

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.