Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells 62,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Derick Nathan Czember sold 62,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of C$16.18, for a total transaction of C$1,002,936.80.

Derick Nathan Czember also recently made the following trade(s):

• On Tuesday, December 10th, Derick Nathan Czember sold 11,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.40, for a total value of C$180,400.00.

Peyto Exploration & Development Trading Down 0.9 %

TSE:PEY traded down C$0.14 during trading hours on Friday, reaching C$16.25. 631,398 shares of the company were exchanged, compared to its average volume of 835,672. Peyto Exploration & Development Corp. has a 52-week low of C$12.41 and a 52-week high of C$17.57. The stock has a 50 day simple moving average of C$16.41 and a 200 day simple moving average of C$15.35. The firm has a market cap of C$3.18 billion, a price-to-earnings ratio of 10.48, a PEG ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32.

Analysts Set New Price Targets

PEY has been the topic of a number of analyst reports. National Bankshares increased their price objective on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. Atlantic Securities raised their price target on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Monday, October 7th. TD Securities cut their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, BMO Capital Markets upped their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Peyto Exploration & Development currently has a consensus rating of “Buy” and an average target price of C$17.80.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.