Peyto Exploration & Development (TSE:PEY) Insider Sells C$636,250.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Derick Nathan Czember sold 25,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$25.45, for a total transaction of C$636,250.00. Following the transaction, the insider owned 114,505 shares of the company’s stock, valued at C$2,914,152.25. This trade represents a 17.92% decrease in their position.

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

• On Wednesday, June 3rd, Derick Nathan Czember sold 35,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$26.00, for a total transaction of C$910,000.00.

Peyto Exploration & Development Stock Performance

Peyto Exploration & Development stock opened at C$25.31 on Friday. The company’s 50-day moving average price is C$24.83 and its 200-day moving average price is C$25.58. The company has a quick ratio of 0.32, a current ratio of 1.63 and a debt-to-equity ratio of 34.98. The company has a market cap of C$5.18 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of -0.46 and a beta of -0.51. Peyto Exploration & Development Corp. has a twelve month low of C$17.92 and a twelve month high of C$29.22.

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

Analyst Upgrades and Downgrades

PEY has been the topic of several analyst reports. 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 raised shares of Peyto Exploration & Development to a “hold” rating in a research note 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy” and an average price target 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.