Peyto Exploration & Development Corp (TSE:PEY) – Analysts at National Bank Financial dropped their FY2018 earnings per share (EPS) estimates for Peyto Exploration & Development in a research note issued to investors on Sunday. National Bank Financial analyst T. Wood now expects that the company will post earnings of $1.04 per share for the year, down from their previous forecast of $1.12. National Bank Financial currently has a “Outperform” rating and a $17.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. Raymond James Financial cut their price objective on Peyto Exploration & Development from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Monday. CIBC cut their price objective on Peyto Exploration & Development from C$18.00 to C$14.00 and set a “neutral” rating for the company in a report on Tuesday. TD Securities cut their price objective on Peyto Exploration & Development from C$19.50 to C$18.00 and set a “buy” rating for the company in a report on Monday. Barclays cut their price objective on Peyto Exploration & Development from C$19.00 to C$14.00 in a report on Monday. Finally, Scotiabank cut Peyto Exploration & Development from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$22.50 to C$17.50 in a report on Monday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Peyto Exploration & Development has an average rating of “Buy” and a consensus price target of C$16.47.

Peyto Exploration & Development (PEY) traded up C$0.07 on Tuesday, hitting C$13.83. The stock had a trading volume of 538,895 shares, compared to its average volume of 1,448,624. Peyto Exploration & Development has a 1 year low of C$13.05 and a 1 year high of C$30.94. The stock has a market cap of $2,180.00, a PE ratio of 13.97 and a beta of 0.15.

Peyto Exploration & Development (TSE:PEY) last announced its earnings results on Wednesday, November 8th. The company reported C$0.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.07. Peyto Exploration & Development had a return on equity of 10.84% and a net margin of 30.65%.

In other Peyto Exploration & Development news, Director Brian Davis acquired 1,800 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was acquired at an average price of C$14.42 per share, for a total transaction of C$25,956.00. Also, Director Stephen Jonathan Chetner acquired 6,500 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of C$16.65 per share, with a total value of C$108,225.00.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 5.21%. The ex-dividend date is Tuesday, January 30th. Peyto Exploration & Development’s dividend payout ratio is presently 133.33%.

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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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