Peyto Exploration & Development Corp. (TSE:PEY – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$26.64.
PEY has been the topic of a number of analyst reports. National Bank Financial upped their price target 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 upgraded Peyto Exploration & Development to a “hold” rating in a research report on Friday, June 26th.
Check Out Our Latest Research Report on PEY
Peyto Exploration & Development Price Performance
Peyto Exploration & Development (TSE:PEY – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.82 earnings per share for the quarter. The business had revenue of C$426.40 million during the quarter. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.
Insiders Place Their Bets
In other Peyto Exploration & Development news, insider Michael Richard Collens sold 13,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of C$24.25, for a total transaction of C$315,250.00. Following the completion of the sale, the insider owned 27,386 shares of the company’s stock, valued at approximately C$664,110.50. This represents a 32.19% decrease in their position. Also, insider Lee Russell Curran sold 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of C$24.75, for a total transaction of C$693,000.00. Following the completion of the transaction, the insider owned 432,664 shares in the company, valued at C$10,708,434. This trade represents a 6.08% decrease in their position. Insiders sold a total of 413,042 shares of company stock valued at $10,392,741 over the last three months. Insiders own 2.36% of the company’s stock.
Peyto Exploration & Development Company Profile
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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