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

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 31,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider owned 432,664 shares of the company’s stock, valued at C$11,249,264. The trade was a 6.79% decrease in their position.

Peyto Exploration & Development Trading Up 0.4%

Shares of PEY stock opened at C$25.80 on Friday. The stock has a market capitalization of C$5.29 billion, a PE ratio of 11.17, a P/E/G ratio of -0.46 and a beta of -0.20. Peyto Exploration & Development Corp. has a 1-year low of C$17.92 and a 1-year high of C$29.22. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.37 and a quick ratio of 0.32. The business has a 50-day moving average of C$25.71 and a 200 day moving average of C$24.79.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PEY. TD Securities lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective for the company. in a research report on Friday, February 20th. Desjardins raised their price target on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Royal Bank Of Canada lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy” and an average price target 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.