Key Points
- Insider sale: Peyto Exploration & Development insider Michael Eugene Rees sold 21,500 shares on May 27 for about C$546,315, reducing his holdings by 25.73%.
- Stock performance and valuation: PEY shares were down 1.7% and opened at C$25.11, with the stock trading near its 50-day moving average and a market cap of about C$5.14 billion.
- Analyst sentiment remains mixed but constructive: The stock has an average rating of Moderate Buy and an average price target of C$26.08, with several analysts recently raising targets while TD Securities downgraded it to Hold.
Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Michael Eugene Rees sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of C$25.41, for a total transaction of C$546,315.00. Following the sale, the insider directly owned 62,054 shares in the company, valued at approximately C$1,576,792.14. The trade was a 25.73% decrease in their position.
Peyto Exploration & Development Stock Down 1.7%
PEY stock opened at C$25.11 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 36.62. Peyto Exploration & Development Corp. has a twelve month low of C$17.92 and a twelve month high of C$29.22. The company's 50 day moving average is C$26.05 and its two-hundred day moving average is C$24.61. The stock has a market cap of C$5.14 billion, a P/E ratio of 10.87, a PEG ratio of -0.46 and a beta of -0.20.
Peyto Exploration & Development (TSE:PEY - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.82 earnings per share 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 for the quarter.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on PEY shares. Royal Bank Of Canada raised 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 research report on Friday, February 20th. Desjardins raised 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 research report on Thursday, March 12th. Finally, TD Securities lowered shares of Peyto Exploration & Development from a "buy" rating to a "hold" rating and set a C$25.00 target price on the stock. in a research report on Friday, February 20th. One 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$26.08.
Check Out Our Latest Stock Analysis on PEY
About Peyto Exploration & Development
(
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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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