Insider Buying: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Acquires 675 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Senior Officer Tavis Aaron Carlson acquired 675 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The stock was bought at an average price of C$15.00 per share, for a total transaction of C$10,125.00.

Tavis Aaron Carlson also recently made the following trade(s):

  • On Friday, September 13th, Tavis Aaron Carlson sold 20,000 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$14.50, for a total transaction of C$290,000.00.
  • On Friday, July 12th, Tavis Aaron Carlson acquired 100 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$14.92 per share, for a total transaction of C$1,492.00.

Peyto Exploration & Development Stock Performance

TSE:PEY opened at C$14.95 on Wednesday. The firm has a market cap of C$2.92 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of -0.46 and a beta of 1.76. Peyto Exploration & Development Corp. has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.99. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The business has a 50 day moving average price of C$14.45 and a 200-day moving average price of C$14.81.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.26 EPS for the quarter, missing analysts' consensus estimates of C$0.27 by C($0.01). The business had revenue of C$256.55 million during the quarter, compared to analysts' expectations of C$257.10 million. Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%. Equities research analysts predict that Peyto Exploration & Development Corp. will post 2.5599315 earnings per share for the current year.

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The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, September 30th. This represents a $1.32 annualized dividend and a dividend yield of 8.83%. Peyto Exploration & Development's payout ratio is presently 85.16%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. CIBC decreased their price objective on shares of Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. TD Securities raised Peyto Exploration & Development to a "strong-buy" rating in a research note on Friday, June 21st. Finally, Scotiabank raised Peyto Exploration & Development to a "strong-buy" rating in a research note on Friday, June 14th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Peyto Exploration & Development currently has a consensus rating of "Buy" and a consensus target price of C$16.55.

Read Our Latest Stock Report on PEY

About Peyto Exploration & Development

(Get Free Report)

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

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