Lee Russell Curran Sells 28,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 28,000 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of C$22.27, for a total value of C$623,560.00. Following the sale, the insider owned 421,844 shares in the company, valued at C$9,394,465.88. The trade was a 6.22% decrease in their position.

Peyto Exploration & Development Stock Performance

PEY opened at C$21.97 on Wednesday. The company has a market cap of C$4.44 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of -0.46 and a beta of -0.16. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96. The firm’s 50-day moving average price is C$19.96 and its 200-day moving average price is C$19.43. Peyto Exploration & Development Corp. has a 52-week low of C$14.57 and a 52-week high of C$22.56.

Analyst Upgrades and Downgrades

PEY has been the subject of a number of research analyst reports. TD Securities raised their price target on shares of Peyto Exploration & Development from C$21.00 to C$23.00 in a report on Friday, November 14th. Desjardins upgraded Peyto Exploration & Development from a “hold” rating to a “buy” rating and raised their target price for the stock from C$23.50 to C$24.50 in a research note on Monday. CIBC boosted their price target on Peyto Exploration & Development from C$19.25 to C$21.00 in a research note on Wednesday, October 15th. Finally, Canaccord Genuity Group increased their price objective on Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Peyto Exploration & Development currently has a consensus rating of “Moderate Buy” and an average price target of C$22.22.

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.