Peyto Exploration & Development (TSE:PEY) Insider Riley Millar Frame Sells 21,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 21,000 shares of the company’s stock in a transaction dated Friday, June 19th. The shares were sold at an average price of C$24.42, for a total transaction of C$512,820.00. Following the transaction, the insider owned 141,954 shares in the company, valued at approximately C$3,466,516.68. This trade represents a 12.89% decrease in their position.

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

• On Monday, May 25th, Riley Millar Frame sold 36,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$26.32, for a total transaction of C$947,520.00.
• On Friday, April 17th, Riley Millar Frame bought 1,550 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$24.07 per share, with a total value of C$37,308.50.

Peyto Exploration & Development Price Performance

PEY stock opened at C$24.44 on Friday. The stock has a market capitalization of C$5.01 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of -0.46 and a beta of -0.53. 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 firm has a 50 day moving average of C$25.38 and a 200 day moving average of C$25.00.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank Of Canada upped their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Desjardins lifted their price target 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 price target on the stock. in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.