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

Peyto Exploration & Development (TSE:PEY) released its earnings results on Monday. The company reported C$0.50 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$400.75 million for 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 0.2%

Shares of TSE:PEY traded up C$0.06 on Monday, reaching C$24.11. The company had a trading volume of 963,860 shares, compared to its average volume of 866,609. Peyto Exploration & Development has a twelve month low of C$20.42 and a twelve month high of C$29.22. The stock has a 50-day moving average price of C$24.55 and a 200 day moving average price of C$25.28. The stock has a market capitalization of C$4.96 billion, a P/E ratio of 10.09, 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 announced a monthly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 6.5%. The ex-dividend date is Monday, November 30th. Peyto Exploration & Development’s dividend payout ratio (DPR) is 56.07%.

Insider Activity at Peyto Exploration & Development

In other Peyto Exploration & Development news, insider Derick Nathan Czember sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$25.45, for a total transaction of C$636,250.00. Following the completion of the sale, the insider directly owned 114,505 shares in the company, valued at C$2,914,152.25. This represents a 17.92% decrease in their ownership of the stock. Also, insider Crissy Rafoss sold 8,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of C$25.05, for a total value of C$200,400.00. Following the sale, the insider owned 26,868 shares of the company’s stock, valued at approximately C$673,043.40. The trade was a 22.94% decrease in their position. Insiders have sold a total of 90,229 shares of company stock worth $2,275,786 in the last 90 days. Insiders own 2.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Ventum Financial set a C$31.00 price objective on Peyto Exploration & Development and gave the stock a “buy” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Peyto Exploration & Development has a consensus rating of “Moderate Buy” and a consensus price target 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.