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%.

Several other equities research analysts have also commented on the stock. TD Securities upped their price target on shares of Peyto Exploration & Development from C$23.00 to C$25.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Barclays lowered their price target on shares of Peyto Exploration & Development from C$26.00 to C$19.00 in a report on Monday, October 30th. BMO Capital Markets lowered shares of Peyto Exploration & Development from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$30.00 to C$23.00 in a report on Tuesday, October 10th. Royal Bank of Canada lowered their price target on shares of Peyto Exploration & Development from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, Scotiabank lowered their price target on shares of Peyto Exploration & Development from C$33.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$16.47.

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.

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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.

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