Lee Russell Curran Sells 59,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Lee Russell Curran sold 59,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of C$21.88, for a total transaction of C$1,290,920.00. Following the transaction, the insider directly owned 421,844 shares in the company, valued at approximately C$9,229,946.72. This trade represents a 12.27% decrease in their ownership of the stock.

Lee Russell Curran also recently made the following trade(s):

• On Monday, November 24th, Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$22.27, for a total transaction of C$623,560.00.

Peyto Exploration & Development Price Performance

PEY stock opened at C$22.98 on Monday. The company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. The firm has a market cap of C$4.64 billion, a P/E ratio of 12.49, a PEG ratio of -0.46 and a beta of -0.28. The stock’s 50 day moving average price is C$21.01 and its 200 day moving average price is C$19.75. Peyto Exploration & Development Corp. has a 1 year low of C$14.57 and a 1 year high of C$23.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PEY shares. CIBC upped their target price on Peyto Exploration & Development from C$19.25 to C$21.00 in a research report on Wednesday, October 15th. Canaccord Genuity Group upped their price target on Peyto Exploration & Development from C$20.00 to C$21.50 in a report on Friday, November 14th. TD Securities upped their target price on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Desjardins upgraded shares of Peyto Exploration & Development from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$23.50 to C$24.50 in a report on Monday, November 24th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$22.44.

Peyto Exploration & Development Company Profile

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involves in the exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves.