Insider Buying: Peyto Exploration & Development (TSE:PEY) Director Purchases 5,000 Shares of Stock

Key Points

• Insider purchase: Director Jean-Paul Henri Lachance bought 5,000 shares on April 17 at C$23.73 each (C$118,650 total), bringing his holdings to 529,401 shares — a 0.95% increase in his position.
• Stock and valuation: PEY traded at C$24.53 with a market cap of C$4.92B and a P/E of 11.91; the 50-day moving average (C$26.63) sits above the current price while the 200-day moving average (C$23.43) is below.
• Analyst and earnings context: The consensus is a "Moderate Buy" with an average target of C$24.55 (near the current price), and the company reported quarterly EPS of C$0.61 and a net margin of 38.72%.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) Director Jean-Paul Henri Lachance purchased 5,000 shares of the business's stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average price of C$23.73 per share, with a total value of C$118,650.00. Following the completion of the purchase, the director owned 529,401 shares of the company's stock, valued at C$12,562,685.73. This trade represents a 0.95% increase in their position.

Peyto Exploration & Development Price Performance

Shares of PEY stock traded down C$0.74 during trading on Friday, hitting C$24.53. The company had a trading volume of 812,782 shares, compared to its average volume of 1,118,952. The company has a debt-to-equity ratio of 41.44, a quick ratio of 0.32 and a current ratio of 0.98. The firm has a market capitalization of C$4.92 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of -0.46 and a beta of -0.18. The stock's 50-day moving average price is C$26.63 and its 200 day moving average price is C$23.43. Peyto Exploration & Development Corp. has a one year low of C$16.99 and a one year high of C$29.22.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C$0.61 earnings per share (EPS) for the quarter. The business had revenue of C$355.02 million during the quarter. Peyto Exploration & Development had a return on equity of 15.30% and a net margin of 38.72%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. 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 research note on Wednesday, January 21st. Royal Bank Of Canada upped their target price 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. Canadian Imperial Bank of Commerce upgraded Peyto Exploration & Development from a "hold" rating to an "outperform" rating and upped their target price for the stock from C$21.00 to C$25.00 in a research note on Tuesday, January 13th. TD Securities cut Peyto Exploration & Development from a "buy" rating to a "hold" rating and set a C$25.00 target price for the company. in a research note on Friday, February 20th. Finally, Desjardins upped their target price on 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. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$24.55.

Peyto Exploration & Development Company Profile

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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