Stephen Jonathan Chetner Sells 2,229 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 2,229 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$25.18, for a total transaction of C$56,126.22. Following the sale, the director directly owned 97,805 shares of the company’s stock, valued at C$2,462,729.90. This represents a 2.23% decrease in their position.

Peyto Exploration & Development Trading Down 1.9%

Shares of Peyto Exploration & Development stock opened at C$24.76 on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.63 and a debt-to-equity ratio of 34.98. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month high of C$29.22. The company has a market capitalization of C$5.09 billion, a price-to-earnings ratio of 10.36, a PEG ratio of -0.46 and a beta of -0.48. The firm’s 50-day moving average price is C$24.93 and its two-hundred day moving average price is C$25.55.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on PEY. Scotiabank upgraded shares of Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th. National Bank Financial raised their target price on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Peyto Exploration & Development has a consensus rating of “Moderate Buy” and an average target price of C$26.64.

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.