Insider Buying: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Purchases 2,150 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Todd Burdick purchased 2,150 shares of the stock in a transaction on Tuesday, January 21st. The stock was acquired at an average price of C$16.35 per share, for a total transaction of C$35,153.58.

Todd Burdick also recently made the following trade(s):

• On Friday, January 3rd, Todd Burdick sold 24,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$17.16, for a total value of C$411,888.00.

Peyto Exploration & Development Stock Performance

Shares of PEY stock opened at C$16.51 on Friday. The company has a market capitalization of C$3.23 billion, a price-to-earnings ratio of 10.65, a PEG ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. Peyto Exploration & Development Corp. has a 52 week low of C$12.41 and a 52 week high of C$17.57. The company has a 50-day simple moving average of C$16.53 and a 200 day simple moving average of C$15.41.

Peyto Exploration & Development (TSE:PEY) last posted its earnings results on Tuesday, November 12th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.01). Peyto Exploration & Development had a net margin of 32.88% and a return on equity of 11.86%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PEY. TD Securities reduced their price target on Peyto Exploration & Development from C$19.00 to C$18.00 in a research report on Tuesday, October 1st. Atlantic Securities increased their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Monday, October 7th. National Bankshares boosted their target price on shares of Peyto Exploration & Development from C$18.00 to C$18.50 in a report on Friday, September 27th. CIBC upped their price target on shares of Peyto Exploration & Development from C$17.00 to C$17.50 in a research report on Friday, January 17th. Finally, BMO Capital Markets lifted their price objective on shares of Peyto Exploration & Development from C$17.50 to C$18.50 in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Peyto Exploration & Development presently has a consensus rating of “Buy” and an average target price of C$17.85.

Peyto Exploration & Development Company Profile

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.