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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Is Ford About To Crush Workhorse Group? 
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
WARNING: Do You Invest with these Banks (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Is Ford About To Crush Workhorse Group? 
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
WARNING: Do You Invest with these Banks (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Is Ford About To Crush Workhorse Group? 
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
WARNING: Do You Invest with these Banks (Ad)pixel
TSE:PEY

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

C$12.93
-0.01 (-0.08%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
C$12.79
C$13.34
50-Day Range
C$10.93
C$16.63
52-Week Range
C$5.88
C$17.13
Volume
594,889 shs
Average Volume
879,604 shs
Market Capitalization
C$2.20 billion
P/E Ratio
7.65
Dividend Yield
4.64%
Price Target
C$18.71

Peyto Exploration & Development MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
44.7% Upside
C$18.71 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.30mentions of Peyto Exploration & Development in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
C$3.17 M 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.

2.51 out of 5 stars

PEY stock logo

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. As of December 31, 2021, it had a total proved plus probable reserves of 904 million barrels of oil equivalent. 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.

Analyst Upgrades and Downgrades

PEY has been the subject of several research analyst reports. CIBC cut their target price on shares of Peyto Exploration & Development from C$22.00 to C$19.00 in a research note on Wednesday, July 13th. National Bankshares reduced their target price on shares of Peyto Exploration & Development from C$19.50 to C$19.00 and set an "outperform" rating for the company in a research note on Thursday, August 11th. Stifel Nicolaus boosted their price target on Peyto Exploration & Development from C$19.25 to C$19.50 in a research note on Friday. TD Securities decreased their price target on shares of Peyto Exploration & Development from C$19.00 to C$18.50 and set a "buy" rating on the stock in a research note on Friday. Finally, Scotiabank lifted their price objective on Peyto Exploration & Development from C$23.00 to C$24.00 in a report on Thursday, July 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$17.69.

Peyto Exploration & Development Stock Down 0.1 %

Shares of PEY traded down C$0.01 during mid-day trading on Tuesday, hitting C$12.93. 594,889 shares of the company's stock were exchanged, compared to its average volume of 879,604. The company has a 50-day simple moving average of C$13.14 and a 200 day simple moving average of C$12.81. The company has a debt-to-equity ratio of 70.00, a current ratio of 0.46 and a quick ratio of 0.40. Peyto Exploration & Development has a 52 week low of C$5.88 and a 52 week high of C$17.13. The company has a market cap of C$2.20 billion and a PE ratio of 7.65.

Insider Transactions at Peyto Exploration & Development

In other Peyto Exploration & Development news, Director Brian Davis sold 1,800 shares of the business's stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of C$14.20, for a total transaction of C$25,551.36. Following the transaction, the director now owns 167,240 shares of the company's stock, valued at C$2,374,005.25. In related news, Director Brian Davis sold 1,800 shares of Peyto Exploration & Development stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of C$14.20, for a total transaction of C$25,551.36. Following the completion of the sale, the director now directly owns 167,240 shares of the company's stock, valued at approximately C$2,374,005.25. Also, Senior Officer Todd Burdick sold 13,620 shares of the business's stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of C$15.08, for a total transaction of C$205,389.60. Following the completion of the sale, the insider now directly owns 81,266 shares of the company's stock, valued at approximately C$1,225,491.28. In the last 90 days, insiders have purchased 27,500 shares of company stock worth $407,300 and have sold 197,037 shares worth $2,937,361.

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PEY Stock News Headlines

2 Energy Stocks Yielding Up to 6.5%
China Is Stumbling: Implications for Natural Gas Stocks
Peyto Reports Second Quarter 2021 Results
See More Headlines
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PEY Company Calendar

Today
8/16/2022
Next Earnings (Estimated)
11/08/2022

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
53
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$18.71
High Stock Price Forecast
C$24.00
Low Stock Price Forecast
C$14.00
Forecasted Upside/Downside
+44.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.21 billion
Cash Flow
C$0.12 per share
Book Value
C$10.27 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.20 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Darren Gee (Age 54)
    CEO, Pres & Director
    Comp: $925k
  • Mr. Jean-Paul H. Lachance
    Pres & COO
  • Ms. Kathy Turgeon CA (Age 60)
    VP of Fin., CFO & Director
    Comp: $600.4k
  • Mr. David Alan Thomas
    VP of Exploration
  • Mr. Scott Robinson P.Eng. (Age 62)
    VP of Bus. Devel.
    Comp: $676.7k
  • Lydia Hamaliuk
    Mang. of HR
  • Mr. Stephen Jonathan Chetner (Age 55)
    Corp. Sec.
  • Mr. Timothy Louie
    VP of Land
  • Mr. Lee Russell Curran
    VP of Drilling & Completions
  • Mr. Todd Burdick
    VP of Production













PEY Stock - Frequently Asked Questions

Should I buy or sell Peyto Exploration & Development stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Peyto Exploration & Development in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PEY shares.
View PEY analyst ratings
or view top-rated stocks.

What is Peyto Exploration & Development's stock price forecast for 2022?

4 brokerages have issued 12 month price objectives for Peyto Exploration & Development's shares. Their PEY share price forecasts range from C$14.00 to C$24.00. On average, they predict the company's share price to reach C$18.71 in the next twelve months. This suggests a possible upside of 44.7% from the stock's current price.
View analysts price targets for PEY
or view top-rated stocks among Wall Street analysts.

How have PEY shares performed in 2022?

Peyto Exploration & Development's stock was trading at C$9.45 at the start of the year. Since then, PEY stock has increased by 36.8% and is now trading at C$12.93.
View the best growth stocks for 2022 here
.

When is Peyto Exploration & Development's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our PEY earnings forecast
.

How often does Peyto Exploration & Development pay dividends? What is the dividend yield for Peyto Exploration & Development?

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 dividend yield of 1.55%. The ex-dividend date is Thursday, December 30th.
Read our dividend analysis for PEY
.

Is Peyto Exploration & Development a good dividend stock?

Peyto Exploration & Development (TSE:PEY) pays an annual dividend of C$0.41 per share and currently has a dividend yield of 4.64%. PEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 24.26%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PEY.

What other stocks do shareholders of Peyto Exploration & Development own?

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).

What is Peyto Exploration & Development's stock symbol?

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

How do I buy shares of Peyto Exploration & Development?

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.
Compare Top Brokerages Here.

What is Peyto Exploration & Development's stock price today?

One share of PEY stock can currently be purchased for approximately C$12.93.

How much money does Peyto Exploration & Development make?

Peyto Exploration & Development (TSE:PEY) has a market capitalization of C$2.20 billion and generates C$1.21 billion in revenue each year.

How can I contact Peyto Exploration & Development?

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.

This page (TSE:PEY) was last updated on 8/17/2022 by MarketBeat.com Staff

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