FY2024 EPS Estimates for TSE:PEY Reduced by Atb Cap Markets

Peyto Exploration & Development Corp. (TSE:PEY - Free Report) - Analysts at Atb Cap Markets dropped their FY2024 earnings per share estimates for Peyto Exploration & Development in a research note issued to investors on Wednesday, November 13th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $1.54 per share for the year, down from their previous estimate of $1.55.

A number of other equities research analysts have also weighed in on the company. Atlantic Securities lifted their price objective on Peyto Exploration & Development from C$17.50 to C$18.50 and gave the stock an "outperform" rating in a research report on Monday, October 7th. TD Securities cut their target price on shares of Peyto Exploration & Development from C$19.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, National Bankshares upped their price target on Peyto Exploration & Development from C$18.00 to C$18.50 in a research note on Friday, September 27th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$17.60.

Peyto Exploration & Development Trading Up 0.6 %

Shares of TSE PEY traded up C$0.09 during trading hours on Thursday, hitting C$15.34. The company's stock had a trading volume of 609,992 shares, compared to its average volume of 912,752. Peyto Exploration & Development has a 12 month low of C$11.09 and a 12 month high of C$16.32. The stock has a market cap of C$3.00 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of -0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 50.02, a quick ratio of 0.32 and a current ratio of 1.15. The business has a 50-day simple moving average of C$15.09 and a 200-day simple moving average of C$14.94.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.27 by C($0.01). The firm had revenue of C$256.55 million during the quarter, compared to the consensus estimate of C$257.10 million. Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%.

Peyto Exploration & Development Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date is Thursday, October 31st. Peyto Exploration & Development's dividend payout ratio (DPR) is presently 85.16%.

Insider Activity

In other news, Senior Officer Todd Burdick sold 57,810 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$14.41, for a total transaction of C$832,845.55. In related news, Senior Officer Todd Burdick sold 57,810 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$14.41, for a total value of C$832,845.55. Also, Director Stephen Jonathan Chetner bought 4,000 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average price of C$15.31 per share, for a total transaction of C$61,244.00. Over the last 90 days, insiders have bought 35,675 shares of company stock worth $522,419 and have sold 188,740 shares worth $2,744,924. Corporate insiders own 2.36% of the company's stock.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.