FY2018 Earnings Estimate for Peyto Exploration & Development Corp (PEY) Issued By National Bank Financial
Peyto Exploration & Development Corp (TSE:PEY) – Equities research analysts at National Bank Financial reduced their FY2018 earnings per share estimates for shares of Peyto Exploration & Development in a report issued on Sunday. National Bank Financial analyst T. Wood now forecasts that the company will post earnings of $1.04 per share for the year, down from their previous estimate of $1.12. National Bank Financial currently has a “Outperform” rating and a $17.00 price target on the stock.
Peyto Exploration & Development (TSE:PEY) last announced its quarterly earnings data on Wednesday, November 8th. The company reported C$0.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.07. Peyto Exploration & Development had a net margin of 30.65% and a return on equity of 10.84%.
Shares of Peyto Exploration & Development (TSE:PEY) traded down C$0.63 on Tuesday, hitting C$12.29. 1,858,511 shares of the stock were exchanged, compared to its average volume of 1,532,385. The stock has a market capitalization of $2,030.00, a price-to-earnings ratio of 12.41 and a beta of 0.15. Peyto Exploration & Development has a 12-month low of C$12.25 and a 12-month high of C$30.44.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.86%. The ex-dividend date of this dividend is Tuesday, January 30th. Peyto Exploration & Development’s payout ratio is currently 133.33%.
In other news, insider Scott Robinson sold 30,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of C$14.33, for a total transaction of C$429,900.00. Also, Director Brian Davis bought 1,800 shares of the stock in a transaction dated Tuesday, December 19th. The shares were purchased at an average cost of C$14.42 per share, for a total transaction of C$25,956.00.
ILLEGAL ACTIVITY WARNING: “FY2018 Earnings Estimate for Peyto Exploration & Development Corp (PEY) Issued By National Bank Financial” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/fy2018-earnings-estimate-for-peyto-exploration-development-corp-pey-issued-by-national-bank-financial/1811205.html.
Peyto Exploration & Development Company Profile
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.
Receive News & Ratings for Peyto Exploration & Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peyto Exploration & Development and related companies with MarketBeat.com's FREE daily email newsletter.