Peyto Exploration & Development (TSE:PEY – Get Free Report) posted its quarterly earnings data on Monday. The company reported C$0.50 EPS for the quarter, FiscalAI reports. The business had revenue of C$400.75 million during the quarter. Peyto Exploration & Development had a net margin of 39.78% and a return on equity of 16.96%.
Peyto Exploration & Development Price Performance
TSE:PEY opened at C$24.11 on Tuesday. The firm’s fifty day moving average is C$24.53 and its two-hundred day moving average is C$25.28. The firm has a market cap of C$4.96 billion, a price-to-earnings ratio of 10.09, a PEG ratio of -0.46 and a beta of -0.10. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.32 and a current ratio of 1.63. Peyto Exploration & Development has a one year low of C$20.42 and a one year high of C$29.22.
Peyto Exploration & Development Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 15th will be issued a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Monday, November 30th. Peyto Exploration & Development’s dividend payout ratio is presently 56.07%.
Wall Street Analyst Weigh In
Separately, Ventum Financial set a C$31.00 target price on Peyto Exploration & Development and gave the stock a “buy” rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.19.
Read Our Latest Research Report on PEY
Insider Buying and Selling at Peyto Exploration & Development
In other news, insider Derick Nathan Czember sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$25.45, for a total value of C$636,250.00. Following the completion of the transaction, the insider owned 114,505 shares of the company’s stock, valued at C$2,914,152.25. The trade was a 17.92% decrease in their position. Also, insider Lee Russell Curran sold 28,000 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 value of C$712,600.00. Following the completion of the sale, the insider owned 436,270 shares in the company, valued at C$11,103,071.50. The trade was a 6.03% decrease in their position. In the last three months, insiders have sold 90,229 shares of company stock worth $2,275,786. Insiders own 2.36% of the company’s stock.
About Peyto Exploration & Development
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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