Lee Russell Curran Sells 28,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 28,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of C$22.27, for a total transaction of C$623,560.00. Following the transaction, the insider owned 421,844 shares in the company, valued at approximately C$9,394,465.88. This trade represents a 6.22% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Performance

PEY stock traded up C$0.66 on Monday, hitting C$22.10. The company’s stock had a trading volume of 1,047,522 shares, compared to its average volume of 889,105. The stock has a market cap of C$4.46 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of -0.46 and a beta of -0.16. The firm has a 50 day moving average of C$19.80 and a two-hundred day moving average of C$19.38. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96. Peyto Exploration & Development Corp. has a 1 year low of C$14.57 and a 1 year high of C$22.56.

Analysts Set New Price Targets

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

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.