Peyto Exploration & Development (TSE:PEY) Insider Sells 6,900 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Crissy Rafoss sold 6,900 shares of Peyto Exploration & Development stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of C$21.75, for a total value of C$150,075.00. Following the completion of the transaction, the insider owned 19,656 shares in the company, valued at C$427,518. This trade represents a 25.98% decrease in their position.

Crissy Rafoss also recently made the following trade(s):

• On Monday, November 24th, Crissy Rafoss sold 8,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$22.27, for a total transaction of C$178,160.00.

Peyto Exploration & Development Stock Up 0.3%

Shares of TSE:PEY traded up C$0.06 during trading on Friday, reaching C$22.98. The stock had a trading volume of 739,440 shares, compared to its average volume of 879,734. The firm’s 50-day simple moving average is C$21.01 and its 200 day simple moving average is C$19.74. 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 one year low of C$14.57 and a one year high of C$23.74. The company has a market capitalization of C$4.64 billion, a P/E ratio of 12.49, a PEG ratio of -0.46 and a beta of -0.28.

Analysts Set New Price Targets

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

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.