Key Points
- Insider sale: Crissy Rafoss sold 8,000 Peyto shares at C$25.05 each, generating C$200,400 and reducing their holdings by 22.94% to 26,868 shares. Rafoss has also sold shares in two earlier transactions this year.
- Financial performance: Peyto reported quarterly EPS of C$0.50 on revenue of C$340.45 million, with a 39.78% net margin and 16.96% return on equity.
- Analyst outlook: The stock carries a “Moderate Buy” consensus rating, with one Strong Buy, two Buy and three Hold ratings; the average analyst price target is C$26.64.
Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Crissy Rafoss sold 8,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of C$25.05, for a total transaction of C$200,400.00. Following the completion of the sale, the insider owned 26,868 shares of the company's stock, valued at C$673,043.40. This represents a 22.94% decrease in their ownership of the stock.
Crissy Rafoss also recently made the following trade(s):
- On Tuesday, July 7th, Crissy Rafoss sold 6,000 shares of Peyto Exploration & Development stock. The shares were sold at an average price of C$24.25, for a total value of C$145,500.00.
- On Friday, June 19th, Crissy Rafoss sold 11,500 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$24.49, for a total value of C$281,635.00.
Peyto Exploration & Development Stock Performance
Shares of PEY opened at C$24.95 on Thursday. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22. The business has a fifty day moving average of C$24.71 and a 200 day moving average of C$25.60. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.63 and a quick ratio of 0.32. The firm has a market capitalization of C$5.11 billion, a P/E ratio of 10.44, a PEG ratio of -0.46 and a beta of -0.51.
Peyto Exploration & Development (TSE:PEY - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported C$0.50 earnings per share (EPS) for the quarter. The business had revenue of C$340.45 million for the quarter. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on PEY. National Bank Financial increased their price target on shares of Peyto Exploration & Development from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. Scotiabank upgraded Peyto Exploration & Development to a "hold" rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$26.64.
Get Our Latest Analysis on PEY
About Peyto Exploration & Development
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
