Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells C$260,700.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Darren Gee sold 23,700 shares of the company’s stock in a transaction that occurred 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 sale, 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.

TSE PEY 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. The firm’s fifty day moving average price is C$10.17 and its 200 day moving average price is C$8.77. The company has a market capitalization of C$1.77 billion and a price-to-earnings ratio of 12.10. Peyto Exploration & Development Corp. has a 12 month low of C$3.53 and a 12 month high of C$11.96.

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

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

PEY has been the topic of a number of recent analyst reports. CIBC increased their price objective on shares of Peyto Exploration & Development from C$13.00 to C$13.50 in a research report on Thursday. National Bank Financial dropped their price objective 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. Scotiabank increased their price objective on shares of Peyto Exploration & Development from C$13.00 to C$17.00 in a research report on Thursday, October 14th. Raymond James increased their price objective on shares of Peyto Exploration & Development from C$9.00 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday, October 19th. Finally, National Bankshares dropped their price objective on shares of Peyto Exploration & Development from C$15.00 to C$14.00 in a research report on Thursday, January 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Peyto Exploration & Development has an average rating of “Buy” and a consensus price target of C$10.27.

About Peyto Exploration & Development

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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