National Bank Financial Equities Analysts Cut Earnings Estimates for Peyto Exploration & Development Corp (PEY)
Peyto Exploration & Development Corp (TSE:PEY) – Equities research analysts at National Bank Financial cut their FY2017 earnings per share estimates for Peyto Exploration & Development in a research report issued to clients and investors on Sunday. National Bank Financial analyst T. Wood now expects that the company will post earnings of $1.09 per share for the year, down from their prior forecast of $1.11. 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 (EPS) 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%.
Shares of Peyto Exploration & Development (TSE:PEY) opened at C$12.92 on Wednesday. Peyto Exploration & Development has a 12 month low of C$12.83 and a 12 month high of C$30.52. The stock has a market capitalization of $2,130.00, a P/E ratio of 13.05 and a beta of 0.15.
In other news, Director Stephen Jonathan Chetner acquired 6,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of C$16.65 per share, with a total value of C$108,225.00. Also, Director Brian Davis acquired 1,800 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was purchased at an average cost of C$14.42 per share, for a total transaction of C$25,956.00.
The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Tuesday, January 30th. Peyto Exploration & Development’s dividend payout ratio (DPR) is presently 133.33%.
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About Peyto Exploration & Development
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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