Peyto Exploration & Development Corp (TSE:PEY) – Stock analysts at National Bank Financial cut their FY2016 earnings estimates for shares of Peyto Exploration & Development Corp in a research note issued to investors on Tuesday. National Bank Financial analyst T. Wood now anticipates that the brokerage will post earnings of $0.75 per share for the year, down from their previous estimate of $0.79.

Other equities research analysts have also recently issued reports about the stock. TD Securities reissued a “buy” rating and issued a C$42.00 price objective on shares of Peyto Exploration & Development Corp in a research report on Wednesday. Dundee Securities lowered their price objective on shares of Peyto Exploration & Development Corp from C$43.00 to C$42.50 in a research report on Thursday, November 10th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$42.00 price objective on shares of Peyto Exploration & Development Corp in a research report on Wednesday. Scotiabank reissued an “outperform” rating and issued a C$45.00 price objective on shares of Peyto Exploration & Development Corp in a research report on Wednesday. Finally, BMO Capital Markets boosted their price objective on shares of Peyto Exploration & Development Corp from C$39.00 to C$40.00 in a research report on Wednesday, December 21st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$39.56.

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Peyto Exploration & Development Corp (TSE:PEY) traded down 1.07% during mid-day trading on Thursday, hitting $28.70. 520,204 shares of the stock were exchanged. The company’s 50-day moving average price is $29.87 and its 200 day moving average price is $34.58. The firm has a market capitalization of $4.72 billion and a price-to-earnings ratio of 39.64. Peyto Exploration & Development Corp has a 52 week low of $26.50 and a 52 week high of $39.41.

This piece of content was first published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of international copyright and trademark legislation. The legal version of this piece of content can be read at http://www.watchlistnews.com/national-bank-financial-weighs-in-on-peyto-exploration-development-corps-fy2016-earnings-pey/1120756.html.

In other Peyto Exploration & Development Corp news, insider Darren Gee purchased 10,000 shares of the stock in a transaction dated Monday, January 23rd. The stock was purchased at an average price of C$27.50 per share, with a total value of C$275,000.00. Also, Director Don Gray purchased 47,415 shares of the stock in a transaction dated Monday, January 23rd. The stock was acquired at an average cost of C$27.97 per share, with a total value of C$1,326,197.55.

About Peyto Exploration & Development Corp

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta.

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