Insider Selling: Peyto Exploration & Development (TSE:PEY) Insider Sells C$200,400.00 in Stock

Key Points

• Insider sale: Crissy Rafoss sold 8,000 Peyto shares at C$25.05 each for C$200,400, reducing their direct ownership by 22.94% to 26,868 shares. Rafoss also sold shares in June and July.
• Stock performance: PEY rose 1.7% to C$25.07, with a market capitalization of approximately C$5.14 billion. The stock has traded between C$17.92 and C$29.22 over the past year.
• Financials and analyst view: Peyto reported quarterly EPS of C$0.50 on revenue of C$340.45 million, while analysts maintain a “Moderate Buy” consensus and an average price target of C$26.64.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Crissy Rafoss sold 8,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of C$25.05, for a total transaction of C$200,400.00. Following the transaction, the insider directly owned 26,868 shares of the company's stock, valued at approximately C$673,043.40. This trade represents a 22.94% decrease in their position.

Crissy Rafoss also recently made the following trade(s):

• On Tuesday, July 7th, Crissy Rafoss sold 6,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$24.25, for a total transaction of C$145,500.00.
• On Friday, June 19th, Crissy Rafoss sold 11,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$24.49, for a total transaction of C$281,635.00.

Peyto Exploration & Development Trading Up 1.7%

Shares of PEY traded up C$0.43 during midday trading on Wednesday, hitting C$25.07. 349,578 shares of the stock were exchanged, compared to its average volume of 890,440. The stock has a fifty day simple moving average of C$24.71 and a 200 day simple moving average of C$25.60. Peyto Exploration & Development Corp. has a 52-week low of C$17.92 and a 52-week high of C$29.22. The firm has a market cap of C$5.14 billion, a P/E ratio of 10.49, a P/E/G ratio of -0.46 and a beta of -0.51. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.32 and a current ratio of 1.63.

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

Analyst Upgrades and Downgrades

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

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