Crissy Rafoss Sells 6,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Crissy Rafoss sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of C$24.25, for a total value of C$145,500.00. Following the completion of the sale, the insider owned 25,066 shares in the company, valued at C$607,850.50. This represents a 19.31% decrease in their ownership of the stock.

Crissy Rafoss also recently made the following trade(s):

• On Friday, June 19th, Crissy Rafoss sold 11,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$24.49, for a total transaction of C$281,635.00.

Peyto Exploration & Development Stock Performance

TSE PEY opened at C$24.76 on Thursday. The company’s 50 day moving average is C$25.20 and its 200-day moving average is C$25.17. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month 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 market cap of C$5.07 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of -0.46 and a beta of -0.50.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. National Bank Financial lifted their price target on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday. Desjardins lifted their target price 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, Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$26.64.

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.