Peyto Exploration & Development (TSE:PEY) Insider Sells C$1,290,920.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 59,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of C$21.88, for a total transaction of C$1,290,920.00. Following the completion of the sale, the insider owned 421,844 shares of the company’s stock, valued at C$9,229,946.72. This represents a 12.27% decrease in their ownership of the stock.

Lee Russell Curran also recently made the following trade(s):

• On Monday, November 24th, Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$22.27, for a total transaction of C$623,560.00.

Peyto Exploration & Development Stock Up 0.3%

Shares of TSE:PEY traded up C$0.06 on Friday, reaching C$22.98. The company had a trading volume of 739,440 shares, compared to its average volume of 879,734. The stock has a market capitalization of C$4.64 billion, a P/E ratio of 12.49, a P/E/G ratio of -0.46 and a beta of -0.28. The stock has a 50-day moving average price of C$21.01 and a 200 day moving average price of C$19.74. Peyto Exploration & Development Corp. has a twelve month low of C$14.57 and a twelve month high of C$23.74. The company has a quick ratio of 0.32, a current ratio of 1.28 and a debt-to-equity ratio of 49.96.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. CIBC boosted their price objective on shares of Peyto Exploration & Development from C$19.25 to C$21.00 in a research note on Wednesday, October 15th. Canaccord Genuity Group increased their target price on Peyto Exploration & Development from C$20.00 to C$21.50 in a research note on Friday, November 14th. Desjardins raised Peyto Exploration & Development from a “hold” rating to a “buy” rating and raised their target price for the company from C$23.50 to C$24.50 in a report on Monday, November 24th. Finally, TD Securities lifted their price target on Peyto Exploration & Development from C$23.00 to C$25.00 and gave the stock a “buy” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Peyto Exploration & Development presently has an average rating of “Moderate Buy” and a consensus target price of C$22.44.

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.