Yahoo Finance Trade Alert: The Vice President of Business Development Of Peyto Exploration & Development Corp. (TSE:PEY), Scott Robinson, Has Just Spent CA$53k Buying 12% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Peyto Exploration & Development Corp. (TSE:PEY) Vice President of Business Development, Scott Robinson, recently bought CA$53k worth of stock, for CA$2.65 per share. That purchase might not be huge but it did increase their holding by 12%.
See our latest analysis for Peyto Exploration & Development
Peyto Exploration & Development Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Vice President of Drilling & Completions Lee Curran for CA$241k worth of shares, at about CA$3.21 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$3.21). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels. We note that Lee Curran was both the biggest buyer and the biggest seller.
In the last twelve months insiders purchased 190.00k shares for CA$604k. On the other hand they divested 97.62k shares, for CA$350k. In the last twelve months there was more buying than selling by Peyto Exploration & Development insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Peyto Exploration & Development insiders own about CA$15m worth of shares. That equates to 2.8% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Peyto Exploration & Development Insiders?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Peyto Exploration & Development shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Peyto Exploration & Development. For instance, we've identified 2 warning signs for Peyto Exploration & Development (1 shouldn't be ignored) you should be aware of.
But note: Peyto Exploration & Development may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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