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%.

A number of other equities research analysts have also recently issued reports on PEY. Eight Capital dropped their price objective on Peyto Exploration & Development from C$16.25 to C$15.15 in a research note on Friday, January 12th. Royal Bank of Canada dropped their price target on Peyto Exploration & Development from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, January 12th. CSFB dropped their price target on Peyto Exploration & Development from C$16.00 to C$14.00 in a research note on Friday, January 12th. Barclays dropped their price target on Peyto Exploration & Development from C$19.00 to C$14.00 in a research note on Monday. Finally, Scotiabank cut Peyto Exploration & Development from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$22.50 to C$17.50 in a research note on Monday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$16.47.

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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