Riley Millar Frame Sells 23,000 Shares of Peyto Exploration & Development (TSE:PEY) Stock

Peyto Exploration & Development Corp. (TSE:PEY) insider Riley Millar Frame sold 23,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of C$21.48, for a total value of C$494,040.00. Following the completion of the sale, the insider directly owned 128,527 shares of the company’s stock, valued at C$2,760,759.96. The trade was a 15.18% decrease in their position.

Peyto Exploration & Development Stock Performance

Shares of TSE:PEY opened at C$22.98 on Monday. The business’s 50-day simple moving average is C$21.01 and its 200 day simple moving average is C$19.75. The company 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 company has a debt-to-equity ratio of 49.96, a quick ratio of 0.32 and a current ratio of 1.28. Peyto Exploration & Development Corp. has a one year low of C$14.57 and a one year high of C$23.74.

Analyst Ratings Changes

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

About Peyto Exploration & Development

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.