Insider Buying: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Buys C$131,000.00 in Stock

Peyto Exploration & Development Corp. (TSE:PEYGet Rating) Senior Officer Jean-Paul Henri Lachance purchased 10,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, June 20th. The stock was acquired at an average cost of C$13.10 per share, with a total value of C$131,000.00. Following the acquisition, the insider now directly owns 270,133 shares in the company, valued at approximately C$3,538,742.30.

Jean-Paul Henri Lachance also recently made the following trade(s):

  • On Friday, June 10th, Jean-Paul Henri Lachance purchased 17,000 shares of Peyto Exploration & Development stock. The stock was acquired at an average cost of C$15.90 per share, with a total value of C$270,300.00.

PEY stock opened at C$12.81 on Thursday. The company has a debt-to-equity ratio of 82.09, a current ratio of 0.35 and a quick ratio of 0.31. The business has a 50 day simple moving average of C$14.42 and a 200-day simple moving average of C$11.98. The firm has a market capitalization of C$2.11 billion and a PE ratio of 10.47. Peyto Exploration & Development Corp. has a 1 year low of C$5.88 and a 1 year high of C$17.13.

Peyto Exploration & Development (TSE:PEYGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported C$0.56 EPS for the quarter, missing analysts’ consensus estimates of C$0.57 by C($0.01). The company had revenue of C$286.89 million during the quarter. On average, equities research analysts expect that Peyto Exploration & Development Corp. will post 1.8313667 EPS for the current year.

PEY has been the subject of a number of analyst reports. CIBC upped their price target on Peyto Exploration & Development from C$14.50 to C$15.50 in a report on Thursday, April 14th. Raymond James boosted their price objective on Peyto Exploration & Development from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, March 25th. Stifel Nicolaus boosted their price objective on Peyto Exploration & Development from C$17.00 to C$20.00 in a research note on Friday, May 13th. Scotiabank boosted their price objective on Peyto Exploration & Development from C$18.00 to C$21.00 in a research note on Tuesday, March 8th. Finally, National Bankshares cut their price objective on Peyto Exploration & Development from C$18.00 to C$15.50 in a research note on Thursday, April 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$14.89.

Peyto Exploration & Development Company Profile (Get Rating)

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, 2021, it had a total proved plus probable reserves of 904 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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Insider Buying and Selling by Quarter for Peyto Exploration & Development (TSE:PEY)

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