Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner Sells 7,012 Shares

Peyto Exploration & Development Corp. (TSE:PEY) Director Stephen Jonathan Chetner sold 7,012 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of C$15.99, for a total transaction of C$112,145.72.

Stephen Jonathan Chetner also recently made the following trade(s):

• On Monday, December 16th, Stephen Jonathan Chetner sold 4,797 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$15.82, for a total value of C$75,907.73.
• On Thursday, December 12th, Stephen Jonathan Chetner sold 2,565 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$16.44, for a total value of C$42,166.55.

Peyto Exploration & Development Price Performance

TSE PEY traded up C$0.01 during trading hours on Wednesday, hitting C$15.95. The company had a trading volume of 219,343 shares, compared to its average volume of 814,061. The firm has a 50 day simple moving average of C$16.56 and a 200 day simple moving average of C$15.44. Peyto Exploration & Development Corp. has a 52 week low of C$12.41 and a 52 week high of C$17.57. The firm has a market capitalization of C$3.12 billion, a price-to-earnings ratio of 10.29, a PEG ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15.

Peyto Exploration & Development (TSE:PEY) last posted its earnings results on Tuesday, November 12th. The company reported C$0.26 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.01). Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%.

Wall Street Analysts Forecast Growth

Several analysts have commented on PEY shares. Atlantic Securities lifted their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, October 7th. CIBC lifted their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. BMO Capital Markets increased their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th. Finally, TD Securities dropped their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Buy” and a consensus price target of C$17.85.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.