David Alan Thomas Sells 20,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEYGet Rating) Senior Officer David Alan Thomas sold 20,000 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of C$11.53, for a total transaction of C$230,600.00. Following the completion of the sale, the insider now directly owns 253,872 shares of the company’s stock, valued at approximately C$2,927,144.16.

Peyto Exploration & Development Stock Performance

Shares of PEY stock opened at C$11.43 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 70.00. Peyto Exploration & Development Corp. has a 52 week low of C$8.44 and a 52 week high of C$17.13. The stock has a market capitalization of C$1.95 billion and a PE ratio of 6.76. The firm has a 50 day moving average of C$12.67 and a two-hundred day moving average of C$13.12.

Analyst Ratings Changes

PEY has been the subject of a number of research analyst reports. Scotiabank increased their price objective on shares of Peyto Exploration & Development from C$23.00 to C$24.00 in a research report on Thursday, July 14th. Stifel Nicolaus increased their price objective on shares of Peyto Exploration & Development from C$19.25 to C$19.50 in a research report on Friday, August 12th. CIBC lowered their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Monday, August 22nd. TD Securities lowered their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.50 and set a “buy” rating for the company in a research report on Friday, August 12th. Finally, National Bankshares lowered their price objective on shares of Peyto Exploration & Development from C$19.50 to C$19.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$18.57.

About Peyto Exploration & Development

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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, 2021, it had a total proved plus probable reserves of 904 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

Further Reading

Insider Buying and Selling by Quarter for Peyto Exploration & Development (TSE:PEY)

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