Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran sold 25,542 shares of the stock in a transaction on Monday, September 13th. The stock was sold at an average price of C$8.07, for a total transaction of C$206,185.24. Following the transaction, the insider now directly owns 126,572 shares in the company, valued at C$1,021,739.81.
TSE PEY opened at C$8.27 on Wednesday. The company has a debt-to-equity ratio of 77.00, a quick ratio of 0.33 and a current ratio of 0.43. The firm has a 50-day simple moving average of C$7.07 and a 200 day simple moving average of C$6.37. Peyto Exploration & Development Corp. has a twelve month low of C$2.32 and a twelve month high of C$8.94. The stock has a market cap of C$1.37 billion and a PE ratio of 13.04.
PEY has been the topic of several analyst reports. BMO Capital Markets increased their target price on shares of Peyto Exploration & Development to C$8.00 in a research report on Thursday, August 12th. CIBC restated a “neutral” rating and set a C$8.25 price target on shares of Peyto Exploration & Development in a report on Friday, August 13th. Scotiabank upped their price target on shares of Peyto Exploration & Development from C$10.00 to C$12.00 in a report on Thursday, July 15th. Raymond James upped their price target on shares of Peyto Exploration & Development from C$7.00 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, June 30th. Finally, National Bank Financial upped their price target on shares of Peyto Exploration & Development to C$8.50 and gave the company an “outperform” rating in a report on Thursday, June 17th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$8.02.
Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. As of December 31, 2020, it had a total proved plus probable reserves of 834 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.
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