Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$285,480.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 13,000 shares of Peyto Exploration & Development stock in a transaction on Monday, November 24th. The shares were sold at an average price of C$21.96, for a total transaction of C$285,480.00. Following the completion of the sale, the insider directly owned 25,000 shares in the company, valued at C$549,000. This represents a 34.21% decrease in their position.

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

• On Wednesday, August 27th, Michael Richard Collens sold 26,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$18.80, for a total transaction of C$488,800.00.

Peyto Exploration & Development Stock Performance

PEY opened at C$21.97 on Thursday. The firm’s fifty day simple moving average is C$20.03 and its two-hundred day simple moving average is C$19.44. Peyto Exploration & Development Corp. has a 52-week low of C$14.57 and a 52-week high of C$22.56. The company has a market cap of C$4.44 billion, a price-to-earnings ratio of 11.94, a PEG ratio of -0.46 and a beta of -0.16. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96.

Wall Street Analysts Forecast Growth

PEY has been the topic of a number of research reports. CIBC raised their price target on shares of Peyto Exploration & Development from C$19.25 to C$21.00 in a research note on Wednesday, October 15th. Desjardins upgraded Peyto Exploration & Development from a “hold” rating to a “buy” rating and raised their target price for the company from C$23.50 to C$24.50 in a research report on Monday. Canaccord Genuity Group lifted their price target on Peyto Exploration & Development from C$20.00 to C$21.50 in a research note on Friday, November 14th. Finally, TD Securities increased their price objective on Peyto Exploration & Development from C$21.00 to C$23.00 in a research note on Friday, November 14th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Peyto Exploration & Development presently has an average rating of “Moderate Buy” and an average price target of C$22.22.

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.