Key Points
- Insider Derick Nathan Czember sold 25,000 Peyto shares at an average price of C$25.45, generating C$636,250 and reducing his direct ownership by 17.92% to 114,505 shares.
- Peyto reported quarterly earnings of C$0.50 per share on C$340.45 million in revenue, with a 39.78% net margin and 16.96% return on equity.
- Analysts maintain a consensus “Moderate Buy” rating, with a C$26.64 average price target; shares opened at C$25.44 and have traded between C$17.92 and C$29.22 over the past year.
Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Derick Nathan Czember sold 25,000 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$25.45, for a total transaction of C$636,250.00. Following the completion of the sale, the insider directly owned 114,505 shares of the company's stock, valued at approximately C$2,914,152.25. This trade represents a 17.92% decrease in their ownership of the stock.
Derick Nathan Czember also recently made the following trade(s):
- On Wednesday, June 3rd, Derick Nathan Czember sold 35,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$26.00, for a total transaction of C$910,000.00.
Peyto Exploration & Development Trading Up 1.1%
TSE PEY opened at C$25.44 on Wednesday. Peyto Exploration & Development Corp. has a one year low of C$17.92 and a one year high of C$29.22. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.32 and a current ratio of 1.63. The company has a market capitalization of C$5.21 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of -0.46 and a beta of -0.51. The company's 50-day simple moving average is C$24.77 and its two-hundred day simple moving average is C$25.59.
Peyto Exploration & Development (TSE:PEY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.50 earnings per share for the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%. The firm had revenue of C$340.45 million during the quarter.
Wall Street Analysts Forecast Growth
PEY has been the topic of several recent research reports. National Bank Financial increased their target price on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research report on Wednesday, July 8th. Scotiabank raised Peyto Exploration & Development to a "hold" rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$26.64.
Read Our Latest Stock Report 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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