Peyto Exploration & Development (TSE:PEY) Insider Lee Russell Curran Sells 31,500 Shares

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 31,500 shares of Peyto Exploration & Development stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$26.00, for a total value of C$819,000.00. Following the transaction, the insider owned 432,664 shares in the company, valued at approximately C$11,249,264. This represents a 6.79% decrease in their position.

Peyto Exploration & Development Stock Up 0.5%

TSE PEY opened at C$25.71 on Thursday. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62. The business’s fifty day simple moving average is C$25.75 and its 200-day simple moving average is C$24.76. The firm has a market cap of C$5.27 billion, a PE ratio of 11.13, a P/E/G ratio of -0.46 and a beta of -0.20.

Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.The business had revenue of C$426.40 million for the quarter.

Analysts Set New Price Targets

PEY has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Desjardins raised their price objective on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, TD Securities downgraded Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 target price for the company. in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$26.08.

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.