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.
Feature article: How is diluted BPA different from basic BPA?
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: Earnings per share (EPS) explained
7 stocks to buy that will benefit from inflation
There are two tales that merge when it comes to inflation. The first is whether or not inflation is occurring. And the second is whether inflation will get out of hand.
To the first point, the clear answer is absolutely. There are price increases in everything from raw materials to semiconductor chips. And even if wood prices have come down, it’s a safe bet that many consumers will put off their decking projects until another day.
And, of course, inflation numbers tend to exclude gasoline and groceries – but these are precisely the areas where consumers feel inflation the most. Inflation is real.
But is it just “transient” as many analysts and the Fed itself claim? Or is this just the start of something much worse? The answer to these questions is probably above our level of pay.
As an investor, the inflation story only changes when you allocate your investment dollars. And for the most part, you’re probably only looking at a small percentage of your portfolio.
However, the first rule of investing is not to lose money, so it is important to identify companies that can provide inflation hedges – transient or not.
This is the subject of this special presentation. Today, many strong companies are profiting from rising inflation.
Check out the “7 stocks to buy that will benefit from inflation”.