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

by · The Cerbat Gem

Peyto Exploration & Development (TSE:PEY – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported C$0.82 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$426.40 million for the quarter. Peyto Exploration & Development had a return on equity of 15.30% and a net margin of 38.72%.

Peyto Exploration & Development Stock Performance

Peyto Exploration & Development stock traded up C$0.06 during midday trading on Tuesday, hitting C$25.60. The company’s stock had a trading volume of 474,853 shares, compared to its average volume of 1,072,990. The company has a debt-to-equity ratio of 41.44, a current ratio of 0.98 and a quick ratio of 0.32. The company has a market cap of C$5.24 billion, a price-to-earnings ratio of 12.43, a PEG ratio of -0.46 and a beta of -0.20. The company has a 50-day moving average price of C$26.34 and a two-hundred day moving average price of C$24.12. Peyto Exploration & Development has a 1-year low of C$17.92 and a 1-year high of C$29.22.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. TD Securities cut shares of Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$25.00 price objective on the stock. in a research report on Friday, February 20th. Desjardins raised their price target on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Scotiabank upped their target price on Peyto Exploration & Development from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce upgraded shares of Peyto Exploration & Development from a “hold” rating to an “outperform” rating and increased their price target for the company from C$21.00 to C$25.00 in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.55.

View Our Latest Stock Report on PEY

Insider Transactions at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Jean-Paul Henri Lachance bought 5,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was purchased at an average cost of C$23.73 per share, for a total transaction of C$118,650.00. Following the completion of the purchase, the director directly owned 529,401 shares of the company’s stock, valued at approximately C$12,562,685.73. This trade represents a 0.95% increase in their ownership of the stock. Also, insider Riley Millar Frame acquired 1,550 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were acquired at an average price of C$24.07 per share, with a total value of C$37,308.50. Following the completion of the transaction, the insider owned 138,452 shares in the company, valued at C$3,332,539.64. The trade was a 1.13% increase in their ownership of the stock. In the last three months, insiders have purchased 9,550 shares of company stock valued at $241,429. 2.36% of the stock is owned by corporate insiders.

Peyto Exploration & Development Company Profile

(Get Free Report)

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.

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