Peyto Exploration & Development Corp (TSE:PEY) – Investment analysts at National Bank Financial upped their FY2019 earnings per share estimates for Peyto Exploration & Development in a note issued to investors on Wednesday, November 7th. National Bank Financial analyst T. Wood now anticipates that the company will post earnings per share of $0.77 for the year, up from their prior forecast of $0.75. National Bank Financial currently has a “C$10.49” rating and a $13.00 target price on the stock.
PEY has been the subject of a number of other research reports. GMP Securities lowered their price target on Peyto Exploration & Development from C$14.00 to C$13.50 in a report on Thursday. Raymond James boosted their price target on Peyto Exploration & Development from C$15.75 to C$16.25 and gave the stock an “outperform” rating in a report on Thursday. TD Securities cut Peyto Exploration & Development from a “buy” rating to a “hold” rating and set a C$12.00 price target for the company. in a report on Thursday. Finally, Canaccord Genuity lowered their price target on Peyto Exploration & Development from C$18.00 to C$16.00 in a report on Tuesday, October 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$14.20.
Peyto Exploration & Development (TSE:PEY) last posted its quarterly earnings results on Wednesday, August 8th. The company reported C$0.18 EPS for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.09). The firm had revenue of C$159.81 million during the quarter.
In other news, Director Micheal Macbean acquired 20,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Wednesday, October 10th. The shares were acquired at an average price of C$12.13 per share, for a total transaction of C$242,600.00. Also, insider Scott Robinson acquired 50,000 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, October 1st. The shares were purchased at an average price of C$11.50 per share, for a total transaction of C$575,000.00.
About Peyto Exploration & Development
Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of oil and natural gas, and natural gas liquids in Canada. The company's oil and gas properties are located in the Alberta's Deep Basin. As of December 31, 2017, it had a total proved plus probable reserves of 722 million barrels of oil equivalent.
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