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

6 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 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PEY shares.
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6 Wall Street analysts have issued 12 month price targets 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 stock price to reach C$18.07 in the next twelve months. This suggests a possible upside of 54.2% from the stock's current price.
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Peyto Exploration & Development's stock was trading at C$13.87 on January 1st, 2023. Since then, PEY stock has decreased by 15.5% and is now trading at C$11.72.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 8th 2023.
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Peyto Exploration & Development Corp. (TSE:PEY) released its quarterly earnings results on Wednesday, November, 9th. The company reported $0.48 EPS for the quarter. The firm earned $374.53 million during the quarter.

Peyto Exploration & Development declared a monthly dividend on Thursday, December 15th. Shareholders of record on Saturday, December 31st will be paid a dividend of 0.05 per share on Friday, January 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for PEY.

Peyto Exploration & Development (TSE:PEY) pays an annual dividend of C$0.55 per share and currently has a dividend yield of 10.11%. PEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 27.50%. 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$11.72.

Peyto Exploration & Development (TSE:PEY) has a market capitalization of C$2.02 billion and generates C$1.37 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.