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

Company Overview

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, 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 incorporated in 1997 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$15.03 to C$15.22
• 50-Day Range: C$13.91 to C$16.12
• 52-Week Range: C$11.09 to C$16.32
• Volume: 809,645 shs
• Average Volume: 920,409 shs
• Market Capitalization: C$2.97 billion
• P/E Ratio: 9.79
• Dividend Yield: 8.70%
• Price Target: C$17.60
• Consensus Rating: Buy

Peyto Exploration & Development Stock Analysis - MarketRank™

Peyto Exploration & Development scored higher than 49% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.6 / 5
• Analyst Rating: Buy

Consensus Rating

Peyto Exploration & Development has received a consensus rating of Buy. The company's average rating score is 3.10, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Peyto Exploration & Development has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Peyto Exploration & Development is 9.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.75.

Price to Earnings Ratio vs. Sector

The P/E ratio of Peyto Exploration & Development is 9.79, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 100.97.

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 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PEY.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Peyto Exploration & Development is a leading dividend payer. It pays a dividend yield of 8.20%, 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 85.16%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PEY.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.13

News Sentiment

Peyto Exploration & Development has a news sentiment score of 1.13. 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 0.42 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Peyto Exploration & Development this week, compared to 2 articles on an average week.

Search Interest

Only 11 people have searched for PEY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Peyto Exploration & Development to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Peyto Exploration & Development insiders have sold 593.46% more of their company's stock than they have bought. Specifically, they have bought C$461,175.00 in company stock and sold C$3,198,063.00 in company stock.

Percentage Held by Insiders

Only 2.36% of the stock of Peyto Exploration & Development is held by insiders.

Percentage Held by Institutions

Only 18.86% of the stock of Peyto Exploration & Development is held by institutions.

PEY Stock Analysis - Frequently Asked Questions

How have PEY shares performed this year?

Peyto Exploration & Development's stock was trading at C$12.04 on January 1st, 2024. Since then, PEY stock has increased by 26.1% and is now trading at C$15.18.
View the best growth stocks for 2024 here.

How were Peyto Exploration & Development's earnings last quarter?

Peyto Exploration & Development Corp. (TSE:PEY) issued its quarterly earnings results on Tuesday, August, 13th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01. The business earned $256.55 million during the quarter, compared to the consensus estimate of $257.10 million. Peyto Exploration & Development had a trailing twelve-month return on equity of 11.86% and a net margin of 32.88%.

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 other stocks do shareholders of Peyto Exploration & Development own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Peyto Exploration & Development investors own include Tourmaline Oil (TOU), Enbridge (ENB), Whitecap Resources (WCP), Cenovus Energy (CVE), Suncor Energy (SU), Toronto-Dominion Bank (TD) and Canadian Natural Resources (CNQ).

Company Calendar

• Last Earnings: 8/13/2024
• Ex-Dividend for 10/15 Dividend: 9/27/2024
• Dividend Payable: 10/15/2024
• Today: 10/24/2024
• Ex-Dividend for 11/15 Dividend: 10/31/2024
• Next Earnings (Estimated): 11/14/2024
• Dividend Payable: 11/15/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: N/A
• Current Symbol: TSE:PEY
• CUSIP: N/A
• CIK: N/A
• Web: www.peyto.com
• Phone: +1-403-2378911
• Fax: N/A
• Employees: 53
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$17.60
• High Stock Price Target: C$22.00
• Low Stock Price Target: C$14.50
• Potential Upside/Downside: +15.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.10
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.55
• Trailing P/E Ratio: 9.79
• Forward P/E Ratio: N/A
• P/E Growth: -0.46
• Net Income: C$296.55 million
• Net Margins: 32.88%
• Pretax Margin: N/A
• Return on Equity: 11.86%
• Return on Assets: 6.40%

Debt

• Debt-to-Equity Ratio: 50.02
• Current Ratio: 1.15
• Quick Ratio: 0.32

Sales & Book Value

• Annual Sales: C$901.99 million
• Price / Sales: 3.29
• Cash Flow: C$0.14 per share
• Price / Cash Flow: 112.05
• Book Value: C$13.77 per share
• Price / Book: 1.10

Miscellaneous

• Outstanding Shares: 195,520,000
• Free Float: N/A
• Market Cap: C$2.97 billion
• Optionable: Not Optionable
• Beta: 1.75