Peyto Exploration & Development (TSE:PEY) Issues Earnings Results

Peyto Exploration & Development (TSE:PEY) announced its quarterly earnings data on Tuesday. The company reported C$0.50 earnings per share for the quarter, FiscalAI reports. Peyto Exploration & Development had a return on equity of 16.78% and a net margin of 40.47%.The company had revenue of C$340.45 million for the quarter.

Peyto Exploration & Development Stock Down 3.0%

Shares of TSE PEY opened at C$24.53 on Thursday. The stock has a market capitalization of C$5.03 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of -0.46 and a beta of -0.51. Peyto Exploration & Development has a 52 week low of C$17.92 and a 52 week high of C$29.22. The firm has a 50-day moving average price of C$24.78 and a 200 day moving average price of C$25.58. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 36.62.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Scotiabank raised Peyto Exploration & Development to a “hold” rating in a research note on Friday, June 26th. National Bank Financial lifted 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 note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$26.64.

Insider Activity at Peyto Exploration & Development

In other Peyto Exploration & Development news, insider Lee Russell Curran sold 31,500 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$26.00, for a total value of C$819,000.00. Following the completion of the transaction, the insider directly owned 432,664 shares of the company’s stock, valued at approximately C$11,249,264. This trade represents a 6.79% decrease in their ownership of the stock. Also, insider Todd Burdick sold 27,633 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$25.82, for a total value of C$713,484.06. Following the sale, the insider directly owned 230,500 shares in the company, valued at C$5,951,510. This trade represents a 10.70% decrease in their position. Insiders sold a total of 413,042 shares of company stock valued at $10,392,741 in the last ninety days. Company 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.