Kathy Turgeon Sells 23,333 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEYGet Rating) Senior Officer Kathy Turgeon sold 23,333 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of C$14.25, for a total value of C$332,394.92. Following the completion of the sale, the insider now directly owns 150,654 shares of the company’s stock, valued at C$2,146,171.69.

Peyto Exploration & Development Trading Up 1.8 %

Peyto Exploration & Development stock opened at C$14.43 on Friday. The stock has a market cap of C$2.48 billion and a P/E ratio of 7.22. Peyto Exploration & Development Corp. has a fifty-two week low of C$8.44 and a fifty-two week high of C$17.13. The firm’s fifty day moving average price is C$12.31 and its 200-day moving average price is C$13.03. The company has a debt-to-equity ratio of 68.28, a quick ratio of 0.32 and a current ratio of 0.36.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PEY shares. BMO Capital Markets lifted their price objective on Peyto Exploration & Development from C$14.00 to C$16.00 in a report on Friday, November 11th. Stifel Nicolaus upped their price target on shares of Peyto Exploration & Development from C$19.25 to C$19.50 in a research note on Friday, August 12th. TD Securities cut 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 report on Friday, August 12th. Scotiabank increased their target price on Peyto Exploration & Development from C$25.00 to C$26.00 in a research report on Thursday, October 13th. Finally, CIBC cut their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a report on Monday, August 22nd.

Peyto Exploration & Development Company Profile

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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.

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