Riley Millar Frame Sells 3,500 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 3,500 shares of Peyto Exploration & Development stock in a transaction on Thursday, June 25th. The stock was sold at an average price of C$23.90, for a total transaction of C$83,650.00. Following the sale, the insider owned 138,454 shares of the company’s stock, valued at C$3,309,050.60. The trade was a 2.47% decrease in their ownership of the stock.

Riley Millar Frame also recently made the following trade(s):

• On Friday, June 19th, Riley Millar Frame sold 21,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$24.42, for a total value of C$512,820.00.
• On Monday, May 25th, Riley Millar Frame sold 36,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$26.32, for a total value of C$947,520.00.
• On Friday, April 17th, Riley Millar Frame acquired 1,550 shares of Peyto Exploration & Development stock. The stock was purchased at an average cost of C$24.07 per share, for a total transaction of C$37,308.50.

Peyto Exploration & Development Stock Performance

Shares of TSE:PEY traded down C$0.33 during trading on Tuesday, hitting C$23.66. The stock had a trading volume of 972,161 shares, compared to its average volume of 967,413. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month high of C$29.22. The stock has a market capitalization of C$4.85 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of -0.46 and a beta of -0.53. The stock has a 50-day simple moving average of C$25.24 and a two-hundred day simple moving average of C$25.10.

Peyto Exploration & Development (TSE:PEY) last issued its earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.The firm had revenue of C$426.40 million for the quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a research note on Friday. Desjardins boosted their target price on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Peyto Exploration & Development has an average rating of “Moderate Buy” and an average target price of C$26.08.

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.