Peyto Exploration & Development (TSE:PEY) Insider Purchases C$261,970.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame acquired 11,500 shares of the business’s stock in a transaction on Monday, December 15th. The shares were bought at an average cost of C$22.78 per share, with a total value of C$261,970.00. Following the completion of the acquisition, the insider owned 128,877 shares of the company’s stock, valued at approximately C$2,935,818.06. This trade represents a 9.80% increase in their position.

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

• On Tuesday, November 18th, Riley Millar Frame sold 23,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$21.48, for a total transaction of C$494,040.00.

Peyto Exploration & Development Price Performance

Shares of Peyto Exploration & Development stock traded down C$0.13 during mid-day trading on Monday, reaching C$22.85. 420,363 shares of the stock were exchanged, compared to its average volume of 877,610. Peyto Exploration & Development Corp. has a fifty-two week low of C$14.57 and a fifty-two week high of C$23.74. The company has a market cap of C$4.61 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of -0.46 and a beta of -0.28. The firm has a 50-day simple moving average of C$21.01 and a 200 day simple moving average of C$19.75. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 49.96.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Desjardins upgraded Peyto Exploration & Development from a “hold” rating to a “buy” rating and increased their price target for the stock from C$23.50 to C$24.50 in a research report on Monday, November 24th. CIBC boosted their price objective on Peyto Exploration & Development from C$19.25 to C$21.00 in a research note on Wednesday, October 15th. TD Securities increased their target price on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group lifted their price target on Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Peyto Exploration & Development has an average rating of “Moderate Buy” and an average price target of C$22.44.

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.