Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells 62,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Derick Nathan Czember sold 62,000 shares of the company’s stock in a transaction on 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 Down 0.9 %

Shares of PEY traded down C$0.14 during midday trading on Friday, hitting C$16.25. The company had a trading volume of 631,398 shares, compared to its average volume of 835,672. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. Peyto Exploration & Development Corp. has a 52 week low of C$12.41 and a 52 week high of C$17.57. The company’s 50 day moving average price is C$16.41 and its 200 day moving average price is C$15.35. The stock has a market cap of C$3.18 billion, a price-to-earnings ratio of 10.48, a PEG ratio of -0.46 and a beta of 1.75.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. National Bankshares raised their target price on Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. BMO Capital Markets lifted their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday. Atlantic Securities boosted their target price on shares of Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Finally, TD Securities lowered their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$17.80.

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.