Insider Buying: Peyto Exploration & Development Corp (PEY) Director Buys C$242,600.00 in Stock

Peyto Exploration & Development Corp (TSE:PEY) Director Micheal Macbean acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, October 10th. The stock was acquired at an average price of C$12.13 per share, for a total transaction of C$242,600.00.

Shares of PEY stock opened at C$11.98 on Friday. Peyto Exploration & Development Corp has a fifty-two week low of C$9.83 and a fifty-two week high of C$19.83.

Peyto Exploration & Development (TSE:PEY) last issued its quarterly earnings data on Wednesday, August 8th. The company reported C$0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.27 by C($0.09). The business had revenue of C$159.81 million during the quarter. Peyto Exploration & Development had a return on equity of 10.84% and a net margin of 30.65%.

A number of equities research analysts have recently weighed in on the company. Raymond James cut their price objective on Peyto Exploration & Development from C$16.00 to C$15.75 in a research report on Friday, October 5th. National Bank Financial cut their price objective on Peyto Exploration & Development from C$14.50 to C$13.00 and set a “c$10.49” rating on the stock in a research report on Wednesday, July 18th. Finally, Canaccord Genuity cut their price objective on Peyto Exploration & Development from C$25.00 to C$18.00 in a research report on Tuesday, July 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$14.83.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Canada. The company's oil and gas properties are located in the Alberta's Deep Basin. As of December 31, 2017, it had a total proved plus probable reserves of 722 million barrels of oil equivalent.

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Insider Buying and Selling by Quarter for Peyto Exploration & Development (TSE:PEY)

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