Insider Buying: Peyto Exploration & Development (TSE:PEY) Insider Acquires 1,550 Shares of Stock

Key Points

• Insider purchase: Riley Millar Frame bought 1,550 shares on April 17 at C$24.07 each (C$37,308.50), increasing their stake to 138,452 shares — a 1.13% rise in their position.
• Stock and fundamentals: PEY closed at C$24.53 on Friday (down C$0.74) with a market cap of C$4.92B, a P/E of 11.91, and last quarter EPS of C$0.61 with a 38.7% net margin.
• Analyst view: Multiple brokerages have lifted targets recently and MarketBeat’s consensus rating is a Moderate Buy with a C$24.55 consensus target price.

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) insider Riley Millar Frame acquired 1,550 shares of the company's stock in a transaction on Friday, April 17th. The stock was acquired at an average price of C$24.07 per share, for a total transaction of C$37,308.50. Following the completion of the purchase, the insider owned 138,452 shares of the company's stock, valued at C$3,332,539.64. This trade represents a 1.13% increase in their position.

Peyto Exploration & Development Stock Performance

TSE PEY traded down C$0.74 during trading on Friday, reaching C$24.53. The company's stock 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 cap of C$4.92 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of -0.46 and a beta of -0.18. Peyto Exploration & Development Corp. has a twelve month low of C$16.99 and a twelve month high of C$29.22. The business's fifty day moving average price is C$26.63 and its 200-day moving average price is C$23.43.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PEY. Desjardins lifted their target price on shares of Peyto Exploration & Development from C$27.00 to C$31.00 and gave the company a "buy" rating in a report on Thursday, March 12th. Royal Bank Of Canada lifted their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company a "sector perform" rating in a report on Friday, February 20th. Scotiabank lifted their target price on shares of Peyto Exploration & Development from C$24.00 to C$27.00 and gave the company an "outperform" rating in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce raised shares of Peyto Exploration & Development from a "hold" rating to an "outperform" rating and lifted their target price for the company from C$21.00 to C$25.00 in a report on Tuesday, January 13th. Finally, TD Securities downgraded shares of Peyto Exploration & Development from a "buy" rating to a "hold" rating and set a C$25.00 target price on the stock. in a report on Friday, February 20th. One investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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