Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells 25,797 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran sold 25,797 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of C$16.09, for a total value of C$415,078.89.

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

• On Monday, January 6th, Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$17.31, for a total value of C$484,806.00.
• On Friday, November 22nd, Lee Russell Curran sold 31,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$17.04, for a total transaction of C$528,314.40.

Peyto Exploration & Development Price Performance

PEY stock traded up C$0.06 during midday trading on Thursday, reaching C$16.10. The company had a trading volume of 854,395 shares, compared to its average volume of 827,134. The firm has a 50-day moving average price of C$16.55 and a 200-day moving average price of C$15.45. The company has a debt-to-equity ratio of 50.02, a current ratio of 1.15 and a quick ratio of 0.32. The company has a market capitalization of C$3.15 billion, a P/E ratio of 10.39, a P/E/G ratio of -0.46 and a beta of 1.75. Peyto Exploration & Development Corp. has a 1 year low of C$12.41 and a 1 year high of C$17.57.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PEY. CIBC lifted their price objective on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a report on Friday, January 17th. BMO Capital Markets boosted their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 in a report on Tuesday, January 14th. Finally, Atlantic Securities raised their target price on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Monday, October 7th. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$17.85.

Peyto Exploration & Development Company Profile

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.