Stifel Firstegy Weighs in on Peyto Exploration & Development Corp.’s FY2023 Earnings (TSE:PEY)

Posted by Defense World Staff on Jul 17th, 2023

Peyto Exploration & Development Corp. (TSE:PEY – Free Report) – Equities research analysts at Stifel Firstegy dropped their FY2023 EPS estimates for shares of Peyto Exploration & Development in a report issued on Thursday, July 13th. Stifel Firstegy analyst M. Dunn now forecasts that the company will post earnings per share of $1.59 for the year, down from their prior forecast of $1.79. The consensus estimate for Peyto Exploration & Development’s current full-year earnings is $1.86 per share.

Peyto Exploration & Development (TSE:PEY – Get Free Report) last announced its quarterly earnings data on Wednesday, May 10th. The company reported C$0.51 EPS for the quarter, missing analysts’ consensus estimates of C$0.54 by C($0.03). Peyto Exploration & Development had a net margin of 25.74% and a return on equity of 19.44%. The firm had revenue of C$278.33 million during the quarter.

Several other brokerages have also recently weighed in on PEY. CIBC dropped their price objective on shares of Peyto Exploration & Development from C$17.00 to C$15.00 in a research note on Friday. National Bankshares dropped their price objective on shares of Peyto Exploration & Development from C$16.00 to C$15.50 in a research note on Thursday, June 29th. Stifel Nicolaus dropped their price objective on shares of Peyto Exploration & Development from C$17.00 to C$15.50 in a research note on Tuesday, May 16th. Finally, Raymond James dropped their price objective on shares of Peyto Exploration & Development from C$14.00 to C$13.50 in a research note on Friday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.57.

Peyto Exploration & Development Stock Performance

TSE PEY opened at C$11.22 on Monday. The firm has a 50-day moving average of C$11.19 and a 200-day moving average of C$11.98. The company has a debt-to-equity ratio of 36.41, a quick ratio of 0.32 and a current ratio of 0.96. The stock has a market cap of C$1.96 billion, a PE ratio of 5.15, a P/E/G ratio of -0.46 and a beta of 2.05. Peyto Exploration & Development has a 52-week low of C$9.71 and a 52-week high of C$15.29.

Peyto Exploration & Development Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date of this dividend was Thursday, June 29th. Peyto Exploration & Development’s payout ratio is 60.55%.

Insiders Place Their Bets

In other Peyto Exploration & Development news, Senior Officer Derick Nathan Czember sold 10,800 shares of the business’s stock in a transaction that occurred on Tuesday, July 4th. The shares were sold at an average price of C$11.11, for a total transaction of C$119,988.00. Insiders own 3.13% of the company’s stock.

Peyto Exploration & Development Company Profile

(Get Free Report)

Peyto Exploration & Development Corp. engages in the exploration, development, and production of oil and natural gas, 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. in January 2011.