Peyto Exploration & Development (TSE:PEY) Insider Sells 27,000 Shares

Key Points

• Insider Riley Millar Frame sold 27,000 Peyto shares at an average price of C$24.83, generating C$670,410 and reducing the insider’s holdings by 15.65% to 145,510 shares.
• Peyto shares traded at C$24.93, down C$0.36, with a C$5.11 billion market capitalization. The stock has ranged from C$17.92 to C$29.22 over the past year.
• The company reported quarterly EPS of C$0.50 and revenue of C$340.45 million, while analysts maintain a “Moderate Buy” consensus with an average price target of C$26.64.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Riley Millar Frame sold 27,000 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$24.83, for a total value of C$670,410.00. Following the sale, the insider owned 145,510 shares of the company's stock, valued at approximately C$3,613,013.30. This represents a 15.65% decrease in their position.

Riley Millar Frame also recently made the following trade(s):

• On Thursday, July 2nd, Riley Millar Frame purchased 3,750 shares of Peyto Exploration & Development stock. The stock was acquired at an average price of C$23.84 per share, with a total value of C$89,400.00.
• On Thursday, June 25th, Riley Millar Frame sold 3,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$23.90, for a total value of C$83,650.00.
• On Friday, June 19th, Riley Millar Frame sold 21,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.42, for a total transaction of C$512,820.00.

Peyto Exploration & Development Stock Performance

Shares of TSE PEY traded down C$0.36 during midday trading on Monday, reaching C$24.93. The company had a trading volume of 379,115 shares, compared to its average volume of 893,597. The stock has a market cap of C$5.11 billion, a P/E ratio of 10.43, a P/E/G ratio of -0.46 and a beta of -0.51. 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 Corp. has a 1 year low of C$17.92 and a 1 year high of C$29.22. The business's 50-day simple moving average is C$24.71 and its 200 day simple moving average is C$25.60.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last announced its quarterly earnings data 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 during the quarter.

Wall Street Analyst Weigh In

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