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 firm’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 Down 0.1 %

Shares of TSE:PEY opened at C$16.37 on Monday. Peyto Exploration & Development Corp. has a fifty-two week low of C$12.41 and a fifty-two week high of C$17.57. The firm’s 50 day moving average price is C$16.43 and its 200 day moving average price is C$15.36. The company has a quick ratio of 0.32, a current ratio of 1.15 and a debt-to-equity ratio of 50.02. The stock has a market cap of C$3.20 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of -0.46 and a beta of 1.75.

Wall Street Analyst Weigh In

Several research firms have weighed in on PEY. National Bankshares boosted their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. TD Securities lowered their price objective on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. BMO Capital Markets upped their price target on Peyto Exploration & Development from C$17.50 to C$18.50 in a research note on Tuesday, January 14th. Atlantic Securities increased their price target on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Monday, October 7th. Finally, CIBC boosted their target price on Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday. One 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, Peyto Exploration & Development 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.