Key Points
- Insider sale: Peyto Exploration & Development insider Crissy Rafoss sold 11,500 shares on June 19 for about C$281,635, reducing their stake by 31.45%.
- Stock and valuation snapshot: Shares opened at C$24.54, near both the 50-day and 200-day moving averages, with a market cap of C$5.03 billion and a P/E ratio of 10.62.
- Analyst sentiment remains positive: Desjardins raised its price target to C$31 and maintained a buy rating, while the consensus analyst view is a Moderate Buy with an average target price of C$26.08.
Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Crissy Rafoss sold 11,500 shares of the firm's stock in a transaction dated Friday, June 19th. The stock was sold at an average price of C$24.49, for a total value of C$281,635.00. Following the completion of the transaction, the insider owned 25,066 shares of the company's stock, valued at approximately C$613,866.34. This represents a 31.45% decrease in their position.
Peyto Exploration & Development Price Performance
Shares of TSE:PEY opened at C$24.54 on Tuesday. The company has a 50 day moving average of C$25.37 and a 200 day moving average of C$25.04. 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 12 month low of C$17.92 and a 12 month high of C$29.22. The stock has a market cap of C$5.03 billion, a P/E ratio of 10.62, a P/E/G ratio of -0.46 and a beta of -0.53.
Peyto Exploration & Development (TSE:PEY - Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.82 EPS for the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%. The firm had revenue of C$426.40 million during the quarter.
Wall Street Analyst Weigh In
Separately, Desjardins upped their price objective on 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 given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$26.08.
View 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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