Peyto Exploration & Development (TSE:PEY) Insider Sells C$200,400.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Crissy Rafoss sold 8,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of C$25.05, for a total value of C$200,400.00. Following the completion of the transaction, the insider owned 26,868 shares of the company’s stock, valued at C$673,043.40. The trade was a 22.94% decrease in their ownership of the stock.

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

• On Tuesday, July 7th, Crissy Rafoss sold 6,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.25, for a total value of C$145,500.00.
• On Friday, June 19th, Crissy Rafoss sold 11,500 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.49, for a total value of C$281,635.00.

Peyto Exploration & Development Stock Down 0.7%

Shares of TSE:PEY opened at C$25.04 on Friday. The company has a market capitalization of C$5.13 billion, a price-to-earnings ratio of 10.48, a PEG ratio of -0.46 and a beta of -0.51. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month high of C$29.22. The business has a 50-day moving average price of C$24.74 and a 200 day moving average price of C$25.59. The company has a current ratio of 1.63, a quick ratio of 0.32 and a debt-to-equity ratio of 34.98.

Peyto Exploration & Development (TSE:PEY) last posted its earnings results on Tuesday, August 11th. The company reported C$0.50 EPS for the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%. The company had revenue of C$340.45 million for the quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PEY shares. National Bank Financial boosted their target price 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, July 8th. Scotiabank upgraded Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$26.64.

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.