Key Points
- Insider sale: Peyto Exploration & Development insider Todd Burdick sold 27,633 shares for about C$713,484 at an average price of C$25.82. After the sale, he still held 230,500 shares, trimming his position by 10.7%.
- Stock and valuation: PEY shares were down 0.8% and traded at C$25.54, near their 50-day average of C$26.12. The company has a market cap of C$5.23 billion and a P/E ratio of 11.06.
- Analyst outlook and results: Analysts currently have a Moderate Buy consensus with an average target price of C$26.08, though TD Securities recently downgraded the stock to hold. Peyto also reported quarterly EPS of C$0.82 on revenue of C$426.4 million, with a net margin of 40.47%.
Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Todd Burdick sold 27,633 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$25.82, for a total transaction of C$713,484.06. Following the sale, the insider directly owned 230,500 shares of the company's stock, valued at C$5,951,510. This represents a 10.70% decrease in their position.
Peyto Exploration & Development Stock Down 0.8%
Shares of PEY stock opened at C$25.54 on Wednesday. The firm has a fifty day moving average of C$26.12 and a 200-day moving average of C$24.58. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62. Peyto Exploration & Development Corp. has a 12-month low of C$17.92 and a 12-month high of C$29.22. The company has a market capitalization of C$5.23 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of -0.46 and a beta of -0.20.
Peyto Exploration & Development (TSE:PEY - Get Free Report) last issued its quarterly earnings data 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 company had revenue of C$426.40 million during the quarter.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on PEY. Desjardins increased their price objective on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a "buy" rating in a research report on Thursday, March 12th. TD Securities cut 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 report on Friday, February 20th. Finally, Royal Bank Of Canada increased their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a "sector perform" rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$26.08.
Get Our Latest Analysis on Peyto Exploration & Development
Peyto Exploration & Development Company Profile
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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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