Insider Buying: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Purchases 8,000 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Scott Robinson purchased 8,000 shares of the business’s stock in a transaction dated Monday, July 19th. The stock was bought at an average price of C$6.75 per share, with a total value of C$54,000.00. Following the acquisition, the insider now directly owns 326,507 shares in the company, valued at C$2,203,922.25.

Scott Robinson also recently made the following trade(s):

  • On Friday, June 25th, Scott Robinson purchased 5,000 shares of Peyto Exploration & Development stock. The stock was bought at an average price of C$7.30 per share, with a total value of C$36,500.00.

Shares of TSE PEY opened at C$6.99 on Thursday. The firm has a market cap of C$1.15 billion and a PE ratio of 16.49. Peyto Exploration & Development Corp. has a 52 week low of C$1.97 and a 52 week high of C$8.94. The company has a 50-day simple moving average of C$6.78. The company has a debt-to-equity ratio of 69.12, a quick ratio of 0.56 and a current ratio of 0.71.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings results on Wednesday, May 12th. The company reported C$0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.24 by C($0.01). The business had revenue of C$175.33 million for the quarter. On average, analysts predict that Peyto Exploration & Development Corp. will post 0.7868017 earnings per share for the current year.

A number of brokerages have recently issued reports on PEY. BMO Capital Markets increased their price target on shares of Peyto Exploration & Development from C$6.50 to C$7.50 and gave the company a “na” rating in a report on Monday, June 21st. CIBC increased their price target on shares of Peyto Exploration & Development from C$7.00 to C$8.25 and gave the company a “na” rating in a report on Wednesday, July 14th. TD Securities increased their price target on shares of Peyto Exploration & Development from C$6.50 to C$10.00 and gave the company a “na” rating in a report on Tuesday, June 29th. Canaccord Genuity increased their price target on shares of Peyto Exploration & Development from C$8.00 to C$9.00 and gave the company an “outperform” rating in a report on Tuesday, June 8th. Finally, Scotiabank increased their price target on shares of Peyto Exploration & Development from C$10.00 to C$12.00 in a report on Thursday, July 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Peyto Exploration & Development has a consensus rating of “Buy” and an average price target of C$7.98.

About Peyto Exploration & Development

Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. As of December 31, 2020, it had a total proved plus probable reserves of 834 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.

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Insider Buying and Selling by Quarter for Peyto Exploration & Development (TSE:PEY)

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