Peyto Exploration & Development (PEY) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Peyto Exploration & Development in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PEY shares.
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6 equities research analysts have issued twelve-month target prices for Peyto Exploration & Development's shares. Their PEY share price forecasts range from C$15.00 to C$24.00. On average, they expect the company's share price to reach C$17.29 in the next year. This suggests a possible upside of 52.7% from the stock's current price.
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Peyto Exploration & Development's stock was trading at C$13.87 at the beginning of the year. Since then, PEY stock has decreased by 18.4% and is now trading at C$11.32.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
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Peyto Exploration & Development Corp. (TSE:PEY) issued its quarterly earnings results on Wednesday, March, 8th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.25. The business earned $383.14 million during the quarter. Peyto Exploration & Development had a trailing twelve-month return on equity of 19.44% and a net margin of 25.74%.

Peyto Exploration & Development announced a monthly dividend on Monday, May 15th. Investors of record on Wednesday, May 31st will be paid a dividend of 0.11 per share on Thursday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 11.66%. The ex-dividend date is Tuesday, May 30th.
Read our dividend analysis for PEY.

Peyto Exploration & Development (TSE:PEY) pays an annual dividend of C$1.32 per share and currently has a dividend yield of 11.22%. PEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 60.55%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PEY.

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).

Peyto Exploration & Development trades on the Toronto Stock Exchange (TSX) under the ticker symbol "PEY."

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.
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One share of PEY stock can currently be purchased for approximately C$11.32.

Peyto Exploration & Development (TSE:PEY) has a market capitalization of C$1.98 billion and generates C$1.49 billion in revenue each year. The company earns C$382.83 million in net income (profit) each year or C$2.18 on an earnings per share basis.

Peyto Exploration & Development's mailing address is 300-600 3 Ave SW, CALGARY, AB T2P 0G5, Canada. The official website for the company is www.peyto.com. The company can be reached via phone at +1-403-2378911.