Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells 28,000 Shares

Key Points

• Insider Lee Russell Curran sold 28,000 Peyto shares at an average price of C$25.45, generating C$712,600 and reducing his position by 6.03% to 436,270 shares.
• Curran has also sold shares in two earlier transactions this year, totaling 59,500 shares in June and July.
• Peyto shares recently traded at C$25.30, while analysts maintain a consensus “Moderate Buy” rating with an average price target of C$26.64.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$25.45, for a total value of C$712,600.00. Following the transaction, the insider directly owned 436,270 shares of the company's stock, valued at C$11,103,071.50. This trade represents a 6.03% decrease in their position.

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

• On Wednesday, July 8th, Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.75, for a total transaction of C$693,000.00.
• On Wednesday, June 3rd, Lee Russell Curran sold 31,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$26.00, for a total transaction of C$819,000.00.

Peyto Exploration & Development Price Performance

Shares of TSE PEY traded up C$0.14 on Tuesday, hitting C$25.30. The company's stock had a trading volume of 370,339 shares, compared to its average volume of 882,660. 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$5.18 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of -0.46 and a beta of -0.51. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32. The stock has a 50 day moving average of C$24.75 and a 200-day moving average of C$25.60.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last released its quarterly 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 business had revenue of C$340.45 million for the quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PEY. Scotiabank raised Peyto Exploration & Development to a "hold" rating in a report on Friday, June 26th. National Bank Financial lifted their price objective on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of "Moderate Buy" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source