Q3 2024 EPS Estimates for Peyto Exploration & Development Corp. Boosted by Analyst (TSE:PEY)

Peyto Exploration & Development Corp. (TSE:PEY) – Stock analysts at Atb Cap Markets upped their Q3 2024 earnings per share (EPS) estimates for Peyto Exploration & Development in a report issued on Wednesday, August 14th. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.41 per share for the quarter, up from their previous forecast of $0.37. The consensus estimate for Peyto Exploration & Development’s current full-year earnings is $1.70 per share. Atb Cap Markets also issued estimates for Peyto Exploration & Development’s Q4 2024 earnings at $0.54 EPS, FY2024 earnings at $1.72 EPS, Q4 2025 earnings at $0.73 EPS, FY2025 earnings at $2.56 EPS and FY2026 earnings at $2.50 EPS.

Peyto Exploration & Development (TSE:PEY) last released its quarterly earnings results on Wednesday, May 15th. The company reported C$0.51 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). Peyto Exploration & Development had a return on equity of 12.13% and a net margin of 34.53%. The company had revenue of C$332.54 million during the quarter, compared to analysts’ expectations of C$358.90 million.

A number of other equities research analysts have also weighed in on the stock. Scotiabank raised shares of Peyto Exploration & Development to a “strong-buy” rating in a report on Friday, June 14th. Desjardins raised their target price on Peyto Exploration & Development from C$13.50 to C$14.50 and gave the company a “buy” rating in a research note on Thursday, May 16th. CIBC dropped their target price on Peyto Exploration & Development from C$17.50 to C$17.00 in a research report on Monday, July 15th. Stifel Nicolaus increased their price target on Peyto Exploration & Development from C$16.25 to C$18.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, TD Securities upgraded Peyto Exploration & Development to a “strong-buy” rating in a research note on Friday, June 21st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$16.55.

Peyto Exploration & Development Trading Down 1.4 %

PEY opened at C$14.65 on Friday. The firm’s 50 day moving average is C$14.58 and its 200-day moving average is C$14.62. Peyto Exploration & Development has a 52-week low of C$11.09 and a 52-week high of C$15.99. The company has a quick ratio of 0.32, a current ratio of 1.55 and a debt-to-equity ratio of 50.61. The firm has a market capitalization of C$2.85 billion, a P/E ratio of 9.04, a P/E/G ratio of -0.46 and a beta of 1.77.

Peyto Exploration & Development Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Shareholders of record on Saturday, August 31st will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 9.01%. The ex-dividend date is Friday, August 30th. Peyto Exploration & Development’s payout ratio is currently 81.48%.

Insiders Place Their Bets

In related news, Senior Officer Riley Millar Frame sold 29,900 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$15.81, for a total transaction of C$472,719.00. In related news, Senior Officer Riley Millar Frame sold 29,900 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$15.81, for a total transaction of C$472,719.00. Also, Senior Officer Lee Russell Curran sold 48,867 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of C$15.71, for a total transaction of C$767,700.57. In the last quarter, insiders have bought 36,570 shares of company stock valued at $551,795 and have sold 249,519 shares valued at $3,772,841. 2.37% of the stock is currently owned by company insiders.

Peyto Exploration & Development Company Profile

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.