Key Points
- Insider sale: Peyto Exploration & Development insider Lee Russell Curran sold 31,500 shares on June 3 at C$26.00 each, totaling about C$819,000. After the sale, Curran still held 432,664 shares, a 6.79% reduction in ownership.
- Stock and valuation snapshot: Peyto shares recently opened at C$25.71, near their 50-day average of C$25.75 and below the 52-week high of C$29.22. The company has a market cap of C$5.27 billion and trades at a PE ratio of 11.13.
- Analyst outlook: Wall Street sentiment is mixed but positive overall, with a consensus rating of Moderate Buy and an average target price of C$26.08. Recent rating changes included TD Securities cutting the stock to hold, while RBC and Desjardins raised their price targets.
Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Michael Richard Collens sold 14,000 shares of Peyto Exploration & Development stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$25.80, for a total transaction of C$361,200.00. Following the completion of the sale, the insider directly owned 27,386 shares in the company, valued at approximately C$706,558.80. This represents a 33.83% decrease in their position.
Peyto Exploration & Development Stock Performance
Shares of PEY stock opened at C$25.71 on Thursday. The firm has a market cap of C$5.27 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of -0.46 and a beta of -0.20. The firm's 50-day simple moving average is C$25.75 and its two-hundred day simple moving average is C$24.76. The company has a debt-to-equity ratio of 36.62, a quick ratio of 0.32 and a current ratio of 1.37. Peyto Exploration & Development Corp. has a 52 week low of C$17.92 and a 52 week high of C$29.22.
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. The firm had revenue of C$426.40 million for the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.
Analysts Set New Price Targets
Several analysts have recently issued reports on PEY shares. TD Securities lowered shares of Peyto Exploration & Development from a "buy" rating to a "hold" rating and set a C$25.00 price target on the stock. in a research report on Friday, February 20th. Royal Bank Of Canada boosted their price target on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a "sector perform" rating in a research report on Friday, February 20th. Finally, Desjardins boosted their price objective on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a "buy" rating in a research note on Thursday, March 12th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$26.08.
Read Our Latest Research Report on Peyto Exploration & Development
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.
Further Reading
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