Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells C$1,002,936.80 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Derick Nathan Czember sold 62,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of C$16.18, for a total transaction of C$1,002,936.80.

Derick Nathan Czember also recently made the following trade(s):

• On Tuesday, December 10th, Derick Nathan Czember sold 11,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$16.40, for a total value of C$180,400.00.

Peyto Exploration & Development Stock Performance

Shares of TSE PEY opened at C$16.37 on Monday. The company has a 50 day simple moving average of C$16.43 and a two-hundred day simple moving average of C$15.36. The stock has a market cap of C$3.20 billion, a price-to-earnings ratio of 10.56, a PEG ratio of -0.46 and a beta of 1.75. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. Peyto Exploration & Development Corp. has a 12 month low of C$12.41 and a 12 month high of C$17.57.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PEY. Atlantic Securities lifted their price objective on shares of 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. TD Securities decreased their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. BMO Capital Markets boosted their price target on Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday, January 14th. CIBC increased their price objective on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday. Finally, National Bankshares boosted their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a research report on Friday, September 27th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average 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.