Riley Millar Frame Sells 29,900 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Riley Millar Frame sold 29,900 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$15.81, for a total value of C$472,719.00.

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

• On Monday, March 11th, Riley Millar Frame sold 19,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$14.48, for a total transaction of C$275,120.00.

Peyto Exploration & Development Price Performance

Peyto Exploration & Development stock opened at C$15.58 on Thursday. Peyto Exploration & Development Corp. has a 52 week low of C$10.38 and a 52 week high of C$15.99. The firm has a market cap of C$3.03 billion, a P/E ratio of 9.62, a P/E/G ratio of -0.46 and a beta of 1.85. The company has a debt-to-equity ratio of 51.67, a quick ratio of 0.32 and a current ratio of 1.75. The business’s fifty day moving average is C$15.15 and its two-hundred day moving average is C$13.80.

Analysts Set New Price Targets

Several analysts have recently weighed in on PEY shares. ATB Capital set a C$15.00 target price on shares of Peyto Exploration & Development and gave the company an “outperform” rating in a research report on Friday, February 16th. Desjardins lifted their price objective on Peyto Exploration & Development from C$13.50 to C$14.50 and gave the company a “buy” rating in a report on Thursday, May 16th. CIBC increased their target price on Peyto Exploration & Development from C$16.00 to C$17.50 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Stifel Nicolaus boosted their price target on Peyto Exploration & Development from C$16.25 to C$18.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Finally, Scotiabank increased their price objective on Peyto Exploration & Development from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Peyto Exploration & Development currently has an average rating of “Moderate Buy” and a consensus target price of C$16.59.

About Peyto Exploration & Development

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.