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

Peyto Exploration & Development (TSE:PEY) issued its quarterly earnings data on Monday. The company reported C$0.50 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$400.75 million during the quarter. Peyto Exploration & Development had a return on equity of 16.96% and a net margin of 39.78%.

Peyto Exploration & Development Stock Up 2.0%

Shares of TSE PEY opened at C$24.60 on Wednesday. Peyto Exploration & Development has a 52-week low of C$20.42 and a 52-week high of C$29.22. The firm has a fifty day moving average of C$24.52 and a 200-day moving average of C$25.28. The stock has a market capitalization of C$5.06 billion, a PE ratio of 10.29, a P/E/G ratio of -0.46 and a beta of -0.10. The company has a quick ratio of 0.32, a current ratio of 1.63 and a debt-to-equity ratio of 34.98.

Peyto Exploration & Development Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.56 annualized dividend and a dividend yield of 6.3%. Peyto Exploration & Development’s payout ratio is currently 56.07%.

Insider Buying and Selling at Peyto Exploration & Development

In related news, insider Derick Nathan Czember sold 25,000 shares of Peyto Exploration & Development stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$25.45, for a total value of C$636,250.00. Following the transaction, the insider owned 114,505 shares in the company, valued at approximately C$2,914,152.25. This trade represents a 17.92% decrease in their ownership of the stock. Also, insider Lee Russell Curran sold 28,000 shares of Peyto Exploration & Development stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$25.45, for a total value of C$712,600.00. Following the completion of the transaction, the insider owned 436,270 shares in the company, valued at C$11,103,071.50. The trade was a 6.03% decrease in their position. Over the last quarter, insiders sold 90,229 shares of company stock worth $2,275,786. 2.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PEY has been the subject of a number of research analyst reports. National Bank Financial raised their price target on Peyto Exploration & Development from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday. Ventum Financial set a C$31.00 price target on shares of Peyto Exploration & Development and gave the stock a “buy” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$27.19.

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.