Key Points
- Insider sale: Peyto Exploration & Development insider Riley Millar Frame sold 36,000 shares at C$26.32 each, totaling about C$947,520. After the sale, the insider still held 138,452 shares, though the position was reduced by 20.64%.
- Stock performance: PEY shares were down 3.7% and opened at C$25.75, with the stock trading near its 50-day moving average and below its 52-week high of C$29.22.
- Analyst outlook and earnings: The company recently reported quarterly EPS of C$0.82 on revenue of C$426.4 million, and analysts currently rate the stock Moderate Buy with a consensus target price of C$26.08.
Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Riley Millar Frame sold 36,000 shares of the company's stock in a transaction that occurred on Monday, May 25th. The stock was sold at an average price of C$26.32, for a total value of C$947,520.00. Following the completion of the transaction, the insider owned 138,452 shares of the company's stock, valued at approximately C$3,644,056.64. This represents a 20.64% decrease in their position.
Riley Millar Frame also recently made the following trade(s):
- On Friday, April 17th, Riley Millar Frame purchased 1,550 shares of Peyto Exploration & Development stock. The shares were purchased at an average cost of C$24.07 per share, for a total transaction of C$37,308.50.
Peyto Exploration & Development Trading Down 3.7%
Shares of PEY opened at C$25.75 on Tuesday. The company has a market capitalization of C$5.28 billion, a P/E ratio of 11.15, a P/E/G ratio of -0.46 and a beta of -0.20. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. The stock has a 50-day moving average price of C$26.19 and a 200 day moving average price of C$24.55.
Peyto Exploration & Development (TSE:PEY - Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported C$0.82 earnings per share (EPS) for the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%. The business had revenue of C$426.40 million for the quarter.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on PEY shares. Royal Bank Of Canada raised their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a "sector perform" rating in a research note on Friday, February 20th. TD Securities lowered shares of Peyto Exploration & Development from a "buy" rating to a "hold" rating and set a C$25.00 target price for the company. in a research note on Friday, February 20th. Finally, Desjardins increased their target price on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a "buy" rating in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Peyto Exploration & Development currently has an average rating of "Moderate Buy" and a consensus price target of C$26.08.
Check Out Our Latest Stock Report on PEY
About Peyto Exploration & Development
(
Get Free Report)
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.
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