Michael Richard Collens Sells 13,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Michael Richard Collens sold 13,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of C$24.25, for a total value of C$315,250.00. Following the transaction, the insider owned 27,386 shares in the company, valued at approximately C$664,110.50. This represents a 32.19% decrease in their position.

Michael Richard Collens also recently made the following trade(s):

• On Wednesday, June 3rd, Michael Richard Collens sold 14,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$25.80, for a total value of C$361,200.00.

Peyto Exploration & Development Stock Up 2.3%

Peyto Exploration & Development stock traded up C$0.54 during midday trading on Tuesday, hitting C$24.29. 516,195 shares of the company were exchanged, compared to its average volume of 955,297. The company has a market cap of C$4.98 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of -0.46 and a beta of -0.50. Peyto Exploration & Development Corp. has a fifty-two week low of C$17.92 and a fifty-two week high of C$29.22. The company’s fifty day moving average price is C$25.21 and its 200-day moving average price is C$25.14. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32.

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

Analysts Set New Price Targets

A number of equities analysts have commented on PEY shares. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a report on Friday, June 26th. Desjardins lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy” and an average target price of C$26.08.

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.