Peyto Exploration & Development (TSE:PEY) Announces Quarterly Earnings Results

Peyto Exploration & Development (TSE:PEYGet Free Report) announced its quarterly earnings results on Tuesday. The company reported C$0.82 EPS for the quarter, FiscalAI reports. The company had revenue of C$426.40 million for the quarter. Peyto Exploration & Development had a net margin of 38.72% and a return on equity of 15.30%.

Peyto Exploration & Development Trading Up 0.7%

Peyto Exploration & Development stock opened at C$25.77 on Thursday. Peyto Exploration & Development has a 12-month low of C$17.92 and a 12-month high of C$29.22. The company has a debt-to-equity ratio of 41.44, a current ratio of 0.98 and a quick ratio of 0.32. The stock has a market capitalization of C$5.28 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of -0.46 and a beta of -0.20. The firm has a 50 day simple moving average of C$26.31 and a 200-day simple moving average of C$24.20.

Insider Buying and Selling

In other news, Director Stephen Jonathan Chetner purchased 3,000 shares of the stock in a transaction dated Friday, March 20th. The shares were bought at an average cost of C$28.49 per share, for a total transaction of C$85,470.00. Following the transaction, the director owned 143,748 shares in the company, valued at C$4,095,380.52. This trade represents a 2.13% increase in their ownership of the stock. Also, insider Riley Millar Frame acquired 1,550 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was purchased at an average cost of C$24.07 per share, for a total transaction of C$37,308.50. Following the purchase, the insider directly owned 138,452 shares in the company, valued at approximately C$3,332,539.64. This represents a 1.13% increase in their position. Insiders have bought a total of 9,550 shares of company stock valued at $241,429 over the last quarter. Corporate insiders own 2.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PEY. Desjardins increased 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. Scotiabank lifted their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. TD Securities lowered Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price target for the company. in a research report on Friday, February 20th. Finally, Royal Bank Of Canada increased their price target on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Peyto Exploration & Development presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.55.

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.

Further Reading

Earnings History for Peyto Exploration & Development (TSE:PEY)

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