Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$670,410.00 in Stock

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

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

• On Thursday, July 2nd, Riley Millar Frame acquired 3,750 shares of Peyto Exploration & Development stock. The stock was purchased at an average cost of C$23.84 per share, with a total value of C$89,400.00.
• On Thursday, June 25th, Riley Millar Frame sold 3,500 shares of Peyto Exploration & Development stock. The shares were 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 value of C$512,820.00.

Peyto Exploration & Development Stock Up 1.3%

PEY opened at C$24.95 on Thursday. The stock’s fifty day simple moving average is C$24.71 and its 200 day simple moving average is C$25.60. The company has a current ratio of 1.63, a quick ratio of 0.32 and a debt-to-equity ratio of 34.98. The stock has a market cap of C$5.11 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of -0.46 and a beta of -0.51. Peyto Exploration & Development Corp. has a 1-year low of C$17.92 and a 1-year high of C$29.22.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PEY shares. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. National Bank Financial boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.