Should I buy or sell Peyto Exploration & Development stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Peyto Exploration & Development in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PEY shares. View PEY analyst ratings or view top-rated stocks .

What is Peyto Exploration & Development's stock price target for 2024?

10 brokerages have issued twelve-month price objectives for Peyto Exploration & Development's stock. Their PEY share price targets range from C$13.50 to C$23.00. On average, they anticipate the company's stock price to reach C$16.78 in the next twelve months. This suggests a possible upside of 41.1% from the stock's current price. View analysts price targets for PEY or view top-rated stocks among Wall Street analysts .

How have PEY shares performed in 2023?

Peyto Exploration & Development's stock was trading at C$13.87 at the beginning of the year. Since then, PEY shares have decreased by 14.3% and is now trading at C$11.89. View the best growth stocks for 2023 here .

How often does Peyto Exploration & Development pay dividends? What is the dividend yield for Peyto Exploration & Development?

Peyto Exploration & Development declared a monthly dividend on Friday, October 13th. Investors of record on Tuesday, October 31st will be given a dividend of 0.11 per share on Wednesday, November 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date of this dividend is Monday, October 30th. Read our dividend analysis for PEY .

Is Peyto Exploration & Development a good dividend stock?

Peyto Exploration & Development (TSE:PEY) pays an annual dividend of C$1.32 per share and currently has a dividend yield of 11.06%. PEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 73.33%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for PEY .

What other stocks do shareholders of Peyto Exploration & Development own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Peyto Exploration & Development investors own include Tourmaline Oil (TOU) , Seven Generations Energy (VII) , Whitecap Resources (WCP) , Inter Pipeline (IPL) , Crescent Point Energy (CPG) , ARC Resources (ARX) , Enbridge (ENB) , BCE (BCE) , Pembina Pipeline (PPL) and Aurora Cannabis (ACB) .

How do I buy shares of Peyto Exploration & Development?

Shares of PEY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Peyto Exploration & Development Stock Price, News & Analysis (TSE:PEY)

C$11.89

-0.05 (-0.42%)

(As of 12/8/2023 ET)

Compare

Today's Range: C$11.86
▼
C$12.12
50-Day Range: C$11.89
▼
C$15.04
52-Week Range: C$10.38
▼
C$15.20

Volume: 725,605 shs
Average Volume: 1.16 million shs
Market Capitalization: C$2.29 billion

P/E Ratio: 6.61
Dividend Yield: 11.10%
Price Target: C$16.78

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Peyto Exploration & Development MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 41.1% Upside
C$16.78 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.63
Based on 4 Articles This Week
Insider Trading: Selling Shares
C$496,505 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

4.4

Analyst's Opinion

Consensus Rating
Peyto Exploration & Development has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$16.78, Peyto Exploration & Development has a forecasted upside of 41.1% from its current price of C$11.89.
Amount of Analyst Coverage
Peyto Exploration & Development has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for PEY.

2.5

Dividend Strength

Dividend Leadership
Peyto Exploration & Development is a leading dividend payer. It pays a dividend yield of 11.06%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Peyto Exploration & Development does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Peyto Exploration & Development is 73.33%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PEY.

0.8

News and Social Media Coverage

News Sentiment
Peyto Exploration & Development has a news sentiment score of -0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Peyto Exploration & Development this week, compared to 1 article on an average week.
Search Interest
Only 5 people have searched for PEY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Peyto Exploration & Development to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Peyto Exploration & Development insiders have sold 53.59% more of their company's stock than they have bought. Specifically, they have bought C$323,258.00 in company stock and sold C$496,505.00 in company stock.
Percentage Held by Insiders
Only 3.11% of the stock of Peyto Exploration & Development is held by insiders.
Percentage Held by Institutions
Only 30.74% of the stock of Peyto Exploration & Development is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Peyto Exploration & Development is 6.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Peyto Exploration & Development is 6.61, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 106.82.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Peyto Exploration & Development, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Peyto Exploration & Development has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Peyto Exploration & Development Stock (TSE:PEY)

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. Peyto Exploration & Development Corp. was founded in 1998 and is headquartered in Calgary, Canada.

PEY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PEY Stock News Headlines

December 5, 2023 | americanbankingnews.com

Peyto Exploration & Development Corp. (TSE:PEY) Receives Average Rating of "Moderate Buy" from Analysts

December 4, 2023 | msn.com

With a 10.7% Dividend Yield, Is it Time to Buy Peyto Stock?

December 9, 2023 | Autonomix (Ad)

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December 1, 2023 | msn.com

2 TSX Dividend Stocks With Lucrative Yields in December 2023

November 7, 2023 | markets.businessinsider.com

Peyto Exploration Development earnings: here's what Wall Street expects

October 20, 2023 | markets.businessinsider.com

Canaccord Genuity Maintains a Buy Rating on Peyto Exploration & Dev (PEY)

October 20, 2023 | msn.com

Peyto Exploration & Development: Secure Dividend Is A Differentiator

October 18, 2023 | finance.yahoo.com

Canadian Investment Regulatory Organization Trading Halt - PEY.R

December 9, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

October 17, 2023 | finance.yahoo.com

Peyto Announces Closing of Repsol Acquisition, Exchange of Subscription Receipts Into Common Shares, an Issuance of Senior Secured Notes and Appointment of New Director

October 11, 2023 | markets.businessinsider.com

Peyto Exploration & Dev (PEY) Gets a Hold Rating from RBC Capital

October 10, 2023 | theglobeandmail.com

Tuesday’s TSX breakouts: This energy stock is forming a bullish ‘golden cross’ pattern

October 6, 2023 | investing.com

Peyto Exploration & Development (PEYr)

September 27, 2023 | markets.businessinsider.com

Peyto Exploration & Dev (PEY) Got Some Good News

September 27, 2023 | baystreet.ca

TSX Stumbles Along Noon Hour Wednesday

September 27, 2023 | markets.businessinsider.com

Peyto Exploration & Dev (PEY) Receives a Buy from Scotiabank

September 27, 2023 | finance.yahoo.com

Peyto Exploration & Development Corp. (TSE:PEY) Shares Could Be 30% Below Their Intrinsic Value Estimate

September 19, 2023 | theglobeandmail.com

September stock sale deluge drives hopes that Canada’s capital markets are bouncing back

September 7, 2023 | baystreet.ca

TSX Futures Flat

September 7, 2023 | finance.yahoo.com

Peyto Announces Increase to Previously Announced Bought Deal Offering to C$175 Million

September 7, 2023 | finanznachrichten.de

Peyto Exploration To Buy Repsol Canada Energy For $468 Mln Cash

September 7, 2023 | marketwatch.com

Repsol to Sell Canadian Assets to Peyto for $468 Mln

September 6, 2023 | msn.com

Peyto to buy Repsol's Canada unit for $468 million

September 6, 2023 | reuters.com

Peyto to buy Repsol's Canada unit for $468 mln

August 31, 2023 | fool.com

Peyto Exploration & Development (TSX: PEY)

August 12, 2023 | finance.yahoo.com

Need To Know: The Consensus Just Cut Its Peyto Exploration & Development Corp. (TSE:PEY) Estimates For 2023

August 9, 2023 | markets.businessinsider.com

Peyto Exploration & Dev (PEY) Receives a Hold from RBC Capital

See More Headlines

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Company Calendar

Ex-Dividend for 10/13 Dividend: 9/28/2023
Dividend Payable: 10/13/2023
Ex-Dividend for 11/15 Dividend: 10/30/2023
Dividend Payable: 11/15/2023
Today: 12/08/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:PEY
CUSIP: N/A
CIK: N/A
Web: www.peyto.com
Phone: +1-403-2378911
Fax: N/A
Employees: 53
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$16.78
High Stock Price Target: C$23.00
Low Stock Price Target: C$13.50
Potential Upside/Downside: +41.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.80
Trailing P/E Ratio: 6.61
Forward P/E Ratio: 5.27
P/E Growth: -0.46
Net Income: C$318.28 million
Net Margins: 30.09%
Pretax Margin: N/A
Return on Equity: 15.56%
Return on Assets: 7.27%

Debt

Debt-to-Equity Ratio: 40.27
Current Ratio: 1.07
Quick Ratio: 0.32

Sales & Book Value

Annual Sales: C$1.06 billion
Price / Sales: 2.16
Cash Flow: C$0.11 per share
Price / Cash Flow: 112.05
Book Value: C$13.01 per share
Price / Book: 0.91

Miscellaneous

Outstanding Shares: 192,550,000
Free Float: N/A
Market Cap: C$2.29 billion
Optionable: Not Optionable
Beta: 1.84

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Key Executives

Mr. Jean-Paul H. Lachance (Age 56)
CEO, President & Director
Comp: $700.3k
Ms. Kathy Turgeon CA (Age 61)
VP & CFO
Comp: $509.6k
Mr. Lee Russell Curran
Vice President of Drilling & Completions
Lydia Hamaliuk
Manager of Human Resources
Mr. Stephen Jonathan Chetner (Age 56)
Corporate Secretary
Comp: $33.6k
Mr. Riley Millar Frame
Vice President of Engineering
Mr. Tavis Aaron Carlson CA
Vice President of Finance

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

PEY Stock Analysis - Frequently Asked Questions

Should I buy or sell Peyto Exploration & Development stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Peyto Exploration & Development in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PEY shares.
View PEY analyst ratings or view top-rated stocks.
What is Peyto Exploration & Development's stock price target for 2024?: 10 brokerages have issued twelve-month price objectives for Peyto Exploration & Development's stock. Their PEY share price targets range from C$13.50 to C$23.00. On average, they anticipate the company's stock price to reach C$16.78 in the next twelve months. This suggests a possible upside of 41.1% from the stock's current price.
View analysts price targets for PEY or view top-rated stocks among Wall Street analysts.
How have PEY shares performed in 2023?: Peyto Exploration & Development's stock was trading at C$13.87 at the beginning of the year. Since then, PEY shares have decreased by 14.3% and is now trading at C$11.89.
View the best growth stocks for 2023 here.
How often does Peyto Exploration & Development pay dividends? What is the dividend yield for Peyto Exploration & Development?: Peyto Exploration & Development declared a monthly dividend on Friday, October 13th. Investors of record on Tuesday, October 31st will be given a dividend of 0.11 per share on Wednesday, November 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date of this dividend is Monday, October 30th.
Read our dividend analysis for PEY.

Is Peyto Exploration & Development a good dividend stock?: Peyto Exploration & Development (TSE:PEY) pays an annual dividend of C$1.32 per share and currently has a dividend yield of 11.06%. PEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 73.33%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PEY.
What other stocks do shareholders of Peyto Exploration & Development own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Peyto Exploration & Development investors own include Tourmaline Oil (TOU), Seven Generations Energy (VII), Whitecap Resources (WCP), Inter Pipeline (IPL), Crescent Point Energy (CPG), ARC Resources (ARX), Enbridge (ENB), BCE (BCE), Pembina Pipeline (PPL) and Aurora Cannabis (ACB).
How do I buy shares of Peyto Exploration & Development?: Shares of PEY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:PEY) was last updated on 12/9/2023 by MarketBeat.com Staff

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Peyto Exploration & Development Stock Price, News & Analysis (TSE:PEY)

Peyto Exploration & Development MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Peyto Exploration & Development Stock (TSE:PEY)

PEY Stock Price History

PEY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

PEY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™