Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Riley Millar Frame Sells 29,900 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Riley Millar Frame sold 29,900 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$15.81, for a total transaction of C$472,719.00.

Riley Millar Frame also recently made the following trade(s):

• On Monday, March 11th, Riley Millar Frame sold 19,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.48, for a total transaction of C$275,120.00.

Peyto Exploration & Development Stock Performance

TSE:PEY opened at C$15.83 on Wednesday. The firm has a market cap of C$3.08 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of -0.46 and a beta of 1.85. Peyto Exploration & Development Corp. has a 1-year low of C$10.38 and a 1-year high of C$15.99. The firm’s fifty day moving average price is C$15.12 and its 200 day moving average price is C$13.79. The company has a debt-to-equity ratio of 51.67, a current ratio of 1.75 and a quick ratio of 0.32.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Peyto Exploration & Development from C$14.00 to C$16.50 and gave the stock a “market perform” rating in a research report on Monday, March 11th. Stifel Nicolaus increased their price target on shares of Peyto Exploration & Development from C$16.25 to C$18.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Desjardins increased their price target on shares of Peyto Exploration & Development from C$13.50 to C$14.50 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Scotiabank raised their target price on shares of Peyto Exploration & Development from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. Finally, ATB Capital set a C$15.00 target price on shares of Peyto Exploration & Development and gave the company an “outperform” rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$16.59.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.