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

Key Points

• Director Stephen Jonathan Chetner sold 2,229 Peyto shares at an average price of C$25.18, generating C$56,126.22 and reducing his holdings by 2.23% to 97,805 shares.
• Peyto shares fell 0.5% to C$25.23, while the company reported quarterly revenue of C$340.45 million and earnings of C$0.50 per share, with a 39.78% net margin.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of C$26.64; National Bank Financial raised its target to C$30.00 and rated the stock “outperform.”

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Director Stephen Jonathan Chetner sold 2,229 shares of Peyto Exploration & Development stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of C$25.18, for a total value of C$56,126.22. Following the transaction, the director owned 97,805 shares in the company, valued at approximately C$2,462,729.90. The trade was a 2.23% decrease in their position.

Peyto Exploration & Development Trading Down 0.5%

TSE:PEY traded down C$0.12 during trading hours on Tuesday, hitting C$25.23. The company had a trading volume of 455,928 shares, compared to its average volume of 875,532. Peyto Exploration & Development Corp. has a 1 year low of C$17.92 and a 1 year high of C$29.22. The company has a market cap of C$5.19 billion, a P/E ratio of 10.56, a P/E/G ratio of -0.46 and a beta of -0.48. The company has a 50-day moving average of C$24.90 and a 200 day moving average of C$25.56. The company has a current ratio of 1.63, a quick ratio of 0.32 and a debt-to-equity ratio of 34.98.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PEY. National Bank Financial increased 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. Scotiabank upgraded 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 assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock 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.

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