Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Lee Russell Curran Sells 6,349 Shares

Peyto Exploration & Development Corp. (TSE:PEYGet Rating) Senior Officer Lee Russell Curran sold 6,349 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of C$12.04, for a total transaction of C$76,441.96. Following the sale, the insider now directly owns 296,248 shares in the company, valued at approximately C$3,566,825.92.

Peyto Exploration & Development Stock Up 5.0 %

PEY stock opened at C$12.00 on Tuesday. The company has a debt-to-equity ratio of 70.00, a current ratio of 0.46 and a quick ratio of 0.40. The company’s 50 day simple moving average is C$12.67 and its 200-day simple moving average is C$13.14. Peyto Exploration & Development Corp. has a 12 month low of C$8.44 and a 12 month high of C$17.13. The firm has a market capitalization of C$2.04 billion and a PE ratio of 7.10.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Raymond James raised their target price on Peyto Exploration & Development from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 5th. Stifel Nicolaus upped their target price on shares of Peyto Exploration & Development from C$19.25 to C$19.50 in a research report on Friday, August 12th. Scotiabank lifted their price target on shares of Peyto Exploration & Development from C$24.00 to C$25.00 in a research report on Monday. TD Securities decreased their price objective on shares of Peyto Exploration & Development from C$19.00 to C$18.50 and set a “buy” rating on the stock in a report on Friday, August 12th. Finally, CIBC cut their target price on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Monday, August 22nd. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$18.71.

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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