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

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

Peyto Exploration & Development Stock Performance

Shares of PEY opened at C$25.60 on Wednesday. The company has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of -0.46 and a beta of -0.20. Peyto Exploration & Development has a 52-week low of C$17.92 and a 52-week high of C$29.22. The company has a quick ratio of 0.32, a current ratio of 0.98 and a debt-to-equity ratio of 41.44. The stock has a 50 day moving average price of C$26.32 and a 200 day moving average price of C$24.16.

Insiders Place Their Bets

In related news, insider Riley Millar Frame bought 1,550 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were purchased at an average cost of C$24.07 per share, with a total value of C$37,308.50. Following the transaction, the insider directly owned 138,452 shares of the company’s stock, valued at approximately C$3,332,539.64. This represents a 1.13% increase in their position. Also, Director Jean-Paul Henri Lachance purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were bought at an average price 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 in the company, valued at C$12,562,685.73. This represents a 0.95% increase in their ownership of the stock. Over the last quarter, insiders have purchased 9,550 shares of company stock valued at $241,429. 2.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

About Peyto Exploration & Development

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.