Insider Sale: Peyto Exploration & Development Corp. (TSE: PEY) Senior executive sells 6,586 shares

Peyto Exploration & Development Corp. (TSE: PEY) Kathy Turgeon, a senior executive, sold 6,586 shares of the company in a trade that took place on Thursday, July 15. The shares were sold for an average price of C $ 7.23 for a total value of C $ 47,601.63. As a result of the transaction, the insider now directly owns 118,224 shares of the company, valued at approximately C $ 854,487.60.

Peyto Exploration & Development Action traded down C $ 0.20 midday Friday, reaching C $ 6.95. 985,180 shares of the company were traded, for an average volume of 763,879. The company’s fifty-day moving average is Cdn $ 6.64. The company has a leverage ratio of 69.12, a quick ratio of 0.56, and a current ratio of 0.71. The company has a market capitalization of C $ 1.15 billion and a price / earnings ratio of 16.86. Peyto Exploration & Development Corp. has a 12-month low of CA $ 1.89 and a 12-month high of CA $ 8.94.

Peyto Exploration & Development (TSE: PEY) last published its results on Wednesday, May 12. The company reported earnings per share of C $ 0.23 for the quarter, missing analyst consensus estimates of C $ 0.24 per (C $ 0.01). The company generated sales of C $ 175.33 million during the quarter. As a group, equity research analysts predict that Peyto Exploration & Development Corp. will show 0.7868017 EPS for the current fiscal year.

A number of research analysts have recently commented on PEY stocks. Canaccord Genuity raised its price target on Peyto Exploration & Development from C $ 8.00 to C $ 9.00 and assigned the company an “outperformance” rating in a research note on Tuesday, June 8. CIBC raised its price target for Peyto Exploration & Development from C $ 7.00 to C $ 8.25 and gave the company a “na” rating in a research note on Wednesday. National Bank Financial increased its price target on Peyto Exploration & Development to C $ 8.50 and assigned the company an “outperformance” rating in a report released on Thursday, June 17th. TD Securities raised its price target on Peyto Exploration & Development from C $ 6.50 to C $ 10.00 and assigned the company a “na” rating in a report released on Tuesday, June 29. Finally, Scotiabank raised its price target on Peyto Exploration & Development from C $ 10.00 to C $ 12.00 in a report released Thursday. Three investment analysts gave the stock a conservation rating and four gave the company a buy rating. The company currently has an average rating of “Buy” and an average target price of C $ 7.98.

Peyto exploration and development company profile

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

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Insider buying and selling per quarter for Peyto Exploration & Development (TSE: PEY)

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Margie D. Carlisle