Peyto Exploration & Development (TSE:PEY) Insider Sells C$494,040.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 23,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of C$21.48, for a total transaction of C$494,040.00. Following the completion of the sale, the insider owned 128,527 shares in the company, valued at C$2,760,759.96. This represents a 15.18% decrease in their ownership of the stock.

Peyto Exploration & Development Stock Performance

Shares of PEY traded up C$0.06 during trading hours on Friday, reaching C$22.98. 739,440 shares of the company traded hands, compared to its average volume of 879,734. The stock’s fifty day moving average is C$21.01 and its 200 day moving average is C$19.74. The stock has a market cap of C$4.64 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of -0.46 and a beta of -0.28. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. Peyto Exploration & Development Corp. has a 1-year low of C$14.57 and a 1-year high of C$23.74.

Analysts Set New Price Targets

PEY has been the subject of several recent research reports. TD Securities upped their price target on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group boosted their price objective on Peyto Exploration & Development from C$20.00 to C$21.50 in a research report on Friday, November 14th. Desjardins raised 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 report on Monday, November 24th. Finally, CIBC lifted 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. Five 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, the stock presently has an average rating of “Moderate Buy” and a consensus 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.