Key Points
- Insider sale: Director Stephen Jonathan Chetner sold 2,229 Peyto shares for approximately C$56,126 at an average price of C$25.18, reducing his direct ownership by 2.23% to 97,805 shares.
- Financial performance: Peyto reported quarterly earnings of C$0.50 per share and revenue of C$340.45 million, with a 39.78% net margin and 16.96% return on equity.
- Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of C$26.64; National Bank Financial raised its target to C$30.00 and assigned an “outperform” rating.
Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Director Stephen Jonathan Chetner sold 2,229 shares of Peyto Exploration & Development stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$25.18, for a total transaction of C$56,126.22. Following the transaction, the director directly owned 97,805 shares of the company's stock, valued at C$2,462,729.90. This represents a 2.23% decrease in their ownership of the stock.
Peyto Exploration & Development Price Performance
TSE:PEY opened at C$25.23 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 1.63 and a debt-to-equity ratio of 34.98. The firm has a market cap of C$5.19 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of -0.46 and a beta of -0.48. Peyto Exploration & Development Corp. has a 12 month low of C$17.92 and a 12 month high of C$29.22. The company's 50-day moving average price is C$24.90 and its two-hundred day moving average price is C$25.56.
Peyto Exploration & Development (TSE:PEY - Get Free Report) last posted its quarterly earnings data 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 company had revenue of C$340.45 million during the quarter.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on PEY. National Bank Financial raised their price target on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an "outperform" rating in a report on Wednesday, July 8th. Scotiabank upgraded Peyto Exploration & Development to a "hold" rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Peyto Exploration & Development currently has a consensus rating of "Moderate Buy" and an average price target of C$26.64.
Read Our Latest Report 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.
Further Reading
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