Peyto Exploration & Development Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Peyto Exploration & Development in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Peyto Exploration & Development stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PEY, but not buy additional shares or sell existing shares.
View analyst ratings for Peyto Exploration & Development or view top-rated stocks.

Wall Street analysts have given Peyto Exploration & Development a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Peyto Exploration & Development wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Peyto Exploration & Development is scheduled to release its next quarterly earnings announcement on Wednesday, August 11th 2021.
View our earnings forecast for Peyto Exploration & Development.

Peyto Exploration & Development Corp. (TSE:PEY) released its quarterly earnings results on Wednesday, May, 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $175.33 million for the quarter.
View Peyto Exploration & Development's earnings history.

Peyto Exploration & Development's stock was trading at C$1.19 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PEY stock has increased by 502.5% and is now trading at C$7.17.
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Peyto Exploration & Development pays an annual dividend of C$0.04 per share and currently has a dividend yield of 0.58%. The dividend payout ratio of Peyto Exploration & Development is 9.43%. This payout ratio is at a healthy, sustainable level, below 75%.
View Peyto Exploration & Development's dividend history.

9 analysts have issued 12 month target prices for Peyto Exploration & Development's shares. Their forecasts range from C$4.00 to C$10.00. On average, they expect Peyto Exploration & Development's share price to reach C$7.00 in the next twelve months. This suggests that the stock has a possible downside of 2.4%.
View analysts' price targets for Peyto Exploration & Development or view top-rated stocks among Wall Street analysts.

Some companies that are related to Peyto Exploration & Development include Whitecap Resources (WCP), Seven Generations Energy (VII), Zargon Oil & Gas (ZAR), Raging River Exploration (RRX), Energean (ENOG), Baytex Energy (BTE), Freehold Royalties (FRU), Tamarack Valley Energy (TVE), Kosmos Energy (KOS), Diversified Energy (DEC), Tullow Oil (TLW), International Petroleum (IPCO), Headwater Exploration (HWX), Advantage Oil & Gas (AAV) and Diversified Gas & Oil (DGOC).
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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 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$7.17.

Peyto Exploration & Development has a market capitalization of C$1.18 billion and generates C$461.03 million in revenue each year.

Peyto Exploration & Development employs 53 workers across the globe.

The official website for Peyto Exploration & Development is www.peyto.com.

Peyto Exploration & Development is headquartered at 300-600 3 Ave SW, CALGARY, AB T2P 0G5, Canada.

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