TSE:PEY

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

C$13.69

+0.05 (+0.37%)

(As of 09/29/2023 ET)

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Today's Range: C$13.51
▼
C$13.84
50-Day Range: C$11.24
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C$13.69
52-Week Range: C$10.38
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C$15.29

Volume: 1.20 million shs
Average Volume: 1.24 million shs
Market Capitalization: C$2.40 billion

P/E Ratio: 6.95
Dividend Yield: 9.64%
Price Target: C$16.43

Peyto Exploration & Development MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 20.0% Upside
C$16.43 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.88
Based on 17 Articles This Week
Insider Trading: Selling Shares
C$119,988 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.

2.39 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Peyto Exploration & Development has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$16.43, Peyto Exploration & Development has a forecasted upside of 20.0% from its current price of C$13.69.
Amount of Analyst Coverage
Peyto Exploration & Development has been the subject of 7 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 10.48%, 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 67.01%. 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.

3.3

News and Social Media Coverage

News Sentiment
Peyto Exploration & Development has a news sentiment score of 0.88. 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 higher news sentiment than the 0.41 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Peyto Exploration & Development this week, compared to 1 article on an average week.
Search Interest
Only 6 people have searched for PEY on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.
MarketBeat Follows
8 people have added Peyto Exploration & Development to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Peyto Exploration & Development insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$119,988.00 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.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Peyto Exploration & Development is 6.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Peyto Exploration & Development is 6.95, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 112.18.
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 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Peyto Exploration & Development (TSE:PEY) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart