Key Points
- Insider selling: Riley Millar Frame sold 3,500 Peyto Exploration & Development shares on June 25 at an average price of C$23.90, bringing in C$83,650 and reducing their direct stake by 2.47%.
- Recent insider activity: Frame has also sold 21,000 shares on June 19 and 36,000 shares on May 25, while buying 1,550 shares in April, showing a mix of selling and occasional buying over recent months.
- Analyst sentiment and valuation: Scotiabank recently upgraded PEY to hold, while Desjardins raised its target to C$31.00 and kept a buy rating; the stock’s consensus rating is Moderate Buy with an average target price of C$26.08.
Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Riley Millar Frame sold 3,500 shares of the firm's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of C$23.90, for a total value of C$83,650.00. Following the sale, the insider directly owned 138,454 shares of the company's stock, valued at C$3,309,050.60. The trade was a 2.47% decrease in their ownership of the stock.
Riley Millar Frame also recently made the following trade(s):
- On Friday, June 19th, Riley Millar Frame sold 21,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$24.42, for a total transaction of C$512,820.00.
- On Monday, May 25th, Riley Millar Frame sold 36,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$26.32, for a total transaction of C$947,520.00.
- On Friday, April 17th, Riley Millar Frame purchased 1,550 shares of Peyto Exploration & Development stock. The shares were bought at an average price of C$24.07 per share, with a total value of C$37,308.50.
Peyto Exploration & Development Price Performance
Peyto Exploration & Development stock opened at C$23.66 on Wednesday. The company's 50 day simple moving average is C$25.24 and its 200-day simple moving average is C$25.10. 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 1 year low of C$17.92 and a 1 year high of C$29.22. The company has a market capitalization of C$4.85 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of -0.46 and a beta of -0.53.
Peyto Exploration & Development (TSE:PEY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.82 earnings per share for the quarter. The firm had revenue of C$426.40 million during the quarter. Peyto Exploration & Development had a net margin of 40.47% and a return on equity of 16.78%.
Analysts Set New Price Targets
Several research analysts have recently commented on PEY shares. Scotiabank upgraded Peyto Exploration & Development to a "hold" rating in a research report on Friday, June 26th. Desjardins increased their target price on Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a "buy" rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$26.08.
Read Our Latest Stock Analysis on PEY
Peyto Exploration & Development Company Profile
(
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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