Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells 23,700 Shares of Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Darren Gee sold 23,700 shares of the business’s stock in a transaction on Wednesday, January 12th. The stock was sold at an average price of C$11.00, for a total transaction of C$260,700.00. Following the transaction, the insider now directly owns 180,429 shares in the company, valued at C$1,984,719.

Darren Gee also recently made the following trade(s):

  • On Wednesday, January 5th, Darren Gee sold 7,982 shares of Peyto Exploration & Development stock. The stock was sold at an average price of C$9.85, for a total transaction of C$78,632.28.

PEY stock opened at C$10.59 on Friday. The company has a debt-to-equity ratio of 84.02, a current ratio of 0.33 and a quick ratio of 0.29. Peyto Exploration & Development Corp. has a 1-year low of C$3.53 and a 1-year high of C$11.96. The firm has a fifty day moving average price of C$10.17 and a two-hundred day moving average price of C$8.77. The firm has a market cap of C$1.77 billion and a price-to-earnings ratio of 12.10.

Peyto Exploration & Development (TSE:PEY) last released its earnings results on Tuesday, November 9th. The company reported C$0.17 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.05. The business had revenue of C$218.87 million for the quarter. As a group, analysts expect that Peyto Exploration & Development Corp. will post 1.7599999 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 14th. Shareholders of record on Friday, December 31st were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 30th. This represents a $0.20 annualized dividend and a yield of 1.89%. Peyto Exploration & Development’s payout ratio is 4.57%.

A number of research analysts have recently commented on PEY shares. CIBC boosted their target price on shares of Peyto Exploration & Development from C$13.00 to C$13.50 in a research report on Thursday. National Bank Financial reduced their target price on shares of Peyto Exploration & Development to C$14.00 and set an “outperform” rating on the stock in a research report on Thursday, January 6th. National Bankshares dropped their price target on shares of Peyto Exploration & Development from C$15.00 to C$14.00 in a research note on Thursday, January 6th. Scotiabank lifted their price target on shares of Peyto Exploration & Development from C$13.00 to C$17.00 in a research note on Thursday, October 14th. Finally, Raymond James lifted their price target on shares of Peyto Exploration & Development from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$10.27.

Peyto Exploration & Development Company Profile

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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