Peyto Exploration & Development - PEY Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Peyto Exploration & Development in the last year. There are currently 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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4 Wall Street research analysts have issued 12-month price targets for Peyto Exploration & Development's shares. Their PEY share price forecasts range from C$14.00 to C$25.00. On average, they predict the company's share price to reach C$18.43 in the next year. This suggests a possible upside of 67.2% from the stock's current price.
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Peyto Exploration & Development's stock was trading at C$9.45 at the start of the year. Since then, PEY shares have increased by 16.6% and is now trading at C$11.02.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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Peyto Exploration & Development declared a quarterly dividend on Wednesday, December 15th. Investors of record on Friday, December 31st will be paid a dividend of 0.05 per share on Friday, January 14th. This represents a $0.20 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 30th.
Read our dividend analysis for PEY.

Peyto Exploration & Development (TSE:PEY) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 5.44%. PEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 35.50%. This payout ratio is at a healthy, sustainable level, below 75%.
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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$11.02.

Peyto Exploration & Development (TSE:PEY) has a market capitalization of C$1.88 billion and generates C$1.21 billion in revenue each year.

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.