Peyto reported fourth quarter financial and operating results that were ahead of consensus expectations, with CFPS of $0.98/sh in the period in line with our forecast though ahead of consensus of $0.93/sh. There are no material changes to our forecast in aggregate though we have moved some elements associated with timing mildly, as it has preserved a $200-$250 mm E&D capex outlook for 2018e in what is largely a back-end weighted 2H18e program. We have maintained our 12-month target price
01 Mar 2018
Announces 4Q17 results ahead of consensus
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Announces 4Q17 results ahead of consensus
Peyto Exploration & Development Corp. (0VCO:LON) | 0 0 (-0.5%) | Mkt Cap: 1,705m
- Published:
01 Mar 2018 -
Author:
Robert Fitzmartyn -
Pages:
11
Peyto reported fourth quarter financial and operating results that were ahead of consensus expectations, with CFPS of $0.98/sh in the period in line with our forecast though ahead of consensus of $0.93/sh. There are no material changes to our forecast in aggregate though we have moved some elements associated with timing mildly, as it has preserved a $200-$250 mm E&D capex outlook for 2018e in what is largely a back-end weighted 2H18e program. We have maintained our 12-month target price