Crissy Rafoss Sells 11,500 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Crissy Rafoss sold 11,500 shares of the firm’s stock in a transaction dated Friday, June 19th. The shares were sold at an average price of C$24.49, for a total value of C$281,635.00. Following the transaction, the insider owned 25,066 shares of the company’s stock, valued at approximately C$613,866.34. The trade was a 31.45% decrease in their position.

Peyto Exploration & Development Price Performance

TSE PEY opened at C$24.54 on Wednesday. The stock has a 50 day moving average price of C$25.35 and a 200-day moving average price of C$25.05. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22. 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 company has a market capitalization of C$5.03 billion, a P/E ratio of 10.62, a P/E/G ratio of -0.46 and a beta of -0.53.

Peyto Exploration & Development (TSE:PEY) last released its earnings results 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 firm had revenue of C$426.40 million for the quarter.

Wall Street Analyst Weigh In

Separately, Desjardins increased their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$26.08.

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.