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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Peyto Exploration & Development in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PEY shares. View PEY analyst ratings or view top-rated stocks .

What is Peyto Exploration & Development's stock price target for 2024?

11 equities research analysts have issued 1 year price objectives for Peyto Exploration & Development's shares. Their PEY share price targets range from C$13.50 to C$20.00. On average, they expect the company's stock price to reach C$16.11 in the next year. This suggests a possible upside of 8.8% 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 2024?

Peyto Exploration & Development's stock was trading at C$12.04 at the start of the year. Since then, PEY shares have increased by 23.0% and is now trading at C$14.81. View the best growth stocks for 2024 here .

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. 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 monthly dividend on Friday, October 13th. Shareholders of record on Tuesday, October 31st will be given a dividend of 0.11 per share on Wednesday, November 15th. This represents a $1.32 annualized dividend and a dividend yield of 8.91%. The ex-dividend date of this dividend is Monday, October 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$1.32 per share and currently has a dividend yield of 8.85%. PEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 81.48%. Payout ratios above 75% are not desirable because they may not be sustainable. 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) .

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 .

TSE:PEY

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

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C$14.68

-0.41 (-2.72%)

(As of 05:13 PM ET)

Compare

Today's Range: C$14.66
▼
C$15.13
50-Day Range: C$12.64
▼
C$15.67
52-Week Range: C$10.38
▼
C$15.68

Volume: 1.07 million shs
Average Volume: 793,581 shs
Market Capitalization: C$2.84 billion

P/E Ratio: 9.06
Dividend Yield: 8.99%
Price Target: C$16.11

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Peyto Exploration & Development alerts:

Peyto Exploration & Development MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 8.8% Upside
C$16.11 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.69
Based on 2 Articles This Week
Insider Trading: Selling Shares
C$2.59 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.80 out of 5 stars

1.4

Analyst's Opinion

Consensus Rating
Peyto Exploration & Development has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Peyto Exploration & Development has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for PEY.

1.7

Dividend Strength

Dividend Leadership
Peyto Exploration & Development is a leading dividend payer. It pays a dividend yield of 8.85%, 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 81.48%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PEY.

2.6

News and Social Media Coverage

News Sentiment
Peyto Exploration & Development has a news sentiment score of 0.69. 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 0.40 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 1 article 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 -31% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Peyto Exploration & Development to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Peyto Exploration & Development insiders have sold 1,158.11% more of their company's stock than they have bought. Specifically, they have bought C$205,600.00 in company stock and sold C$2,586,675.00 in company stock.
Percentage Held by Insiders
Only 2.51% of the stock of Peyto Exploration & Development is held by insiders.
Percentage Held by Institutions
Only 17.05% of the stock of Peyto Exploration & Development is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Peyto Exploration & Development is 9.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Peyto Exploration & Development is 9.14, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 96.27.
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 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Peyto Exploration & Development Stock (TSE:PEY)

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.

PEY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PEY Stock News Headlines

March 21, 2024 | insidertrades.com

Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Director Sells 35,000 Shares of Stock

March 20, 2024 | insidertrades.com

Insider Selling: Peyto Exploration & Development Corp. (TSE:PEY) Senior Officer Sells 28,000 Shares of Stock

April 16, 2024 | Paradigm Press (Ad)

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

March 17, 2024 | insidertrades.com

Todd Burdick Sells 24,000 Shares of Peyto Exploration & Development Corp. (TSE:PEY) Stock

April 16, 2024 | americanbankingnews.com

Peyto Exploration & Development (TSE:PEY) Stock Passes Above 200-Day Moving Average of $13.57

April 15, 2024 | theglobeandmail.com

It’s time to add energy stocks to your portfolio. They have become cash cows

April 8, 2024 | americanbankingnews.com

Peyto Exploration & Development Corp. (TSE:PEY) Given Average Rating of "Moderate Buy" by Brokerages

March 24, 2024 | seekingalpha.com

PEY:CA Peyto Exploration & Development Corp.

April 16, 2024 | Paradigm Press (Ad)

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March 21, 2024 | finance.yahoo.com

Peyto Exploration & Development (TSE:PEY) Will Pay A Dividend Of CA$0.11

March 14, 2024 | investing.com

Peyto shares target raised to C$16.50 by Stifel Canada

March 12, 2024 | fool.ca

TSX Today: What to Watch for in Stocks on Tuesday, March 12

March 10, 2024 | seekingalpha.com

Peyto Exploration & Development Corporation (PEYUF) Q4 2023 Earnings Call Transcript

March 8, 2024 | finanznachrichten.de

Peyto Exploration & Development Corp.: Peyto Reports Strong Fourth Quarter and 2023 Annual Results

March 8, 2024 | seekingalpha.com

Peyto Exploration GAAP EPS of C$0.46, revenue of C$317.25M

March 6, 2024 | markets.businessinsider.com

Peyto Exploration Development is about to announce its earnings — here's what to expect

February 15, 2024 | finance.yahoo.com

Peyto Exploration & Development Corp. Confirms Monthly Dividend for March 15, 2024

February 15, 2024 | finance.yahoo.com

Peyto Delivers Strong Reserves Growth In 2023

February 12, 2024 | theglobeandmail.com

John Rossall

February 1, 2024 | wsj.com

Peyto Exploration & Development Corp.

January 15, 2024 | finance.yahoo.com

Peyto Exploration & Development Corp. Confirms Monthly Dividend for February 15, 2024

January 5, 2024 | ca.finance.yahoo.com

Why Claiming CPP at 60 Could Be a Game-Changer

December 20, 2023 | msn.com

1 Under $15 Dividend Stock to Buy for Monthly Passive Income

December 18, 2023 | msn.com

Peyto Exploration & Development declares CAD 0.11 dividend

December 11, 2023 | msn.com

3 Under-the-Radar Dividend Payers With Solid Growth Prospects in 2024

December 4, 2023 | msn.com

With a 10.7% Dividend Yield, Is it Time to Buy Peyto Stock?

December 1, 2023 | msn.com

2 TSX Dividend Stocks With Lucrative Yields in December 2023

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Company Calendar

Today: 4/16/2024
Next Earnings (Estimated): 5/08/2024

Get Stock Alerts

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$16.11
High Stock Price Target: C$20.00
Low Stock Price Target: C$13.50
Potential Upside/Downside: +9.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.62
Trailing P/E Ratio: 9.06
Forward P/E Ratio: 7.53
P/E Growth: -0.46
Net Income: C$292.64 million
Net Margins: 30.95%
Pretax Margin: N/A
Return on Equity: 12.25%
Return on Assets: 6.00%

Debt

Debt-to-Equity Ratio: 51.67
Current Ratio: 1.75
Quick Ratio: 0.32

Sales & Book Value

Annual Sales: C$945.51 million
Price / Sales: 3.01
Cash Flow: C$0.13 per share
Price / Cash Flow: 112.05
Book Value: C$14.02 per share
Price / Book: 1.05

Miscellaneous

Outstanding Shares: 193,680,000
Free Float: N/A
Market Cap: C$2.84 billion
Optionable: Not Optionable
Beta: 1.83

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Key Executives

Mr. Jean-Paul H. Lachance (Age 56)
CEO, President & Director
Comp: $700.3k
Mr. Lee Russell Curran
Vice President of Drilling & Completions
Mr. Riley Millar Frame
COO & VP of Engineering
Lydia Hamaliuk
Manager of Human Resources
Mr. Stephen Jonathan Chetner (Age 57)
Corporate Secretary
Comp: $33.6k
Mr. Tavis Aaron Carlson CA
Vice President of Finance

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

PEY Stock Analysis - Frequently Asked Questions

Should I buy or sell Peyto Exploration & Development stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Peyto Exploration & Development in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PEY shares.
View PEY analyst ratings or view top-rated stocks.
What is Peyto Exploration & Development's stock price target for 2024?: 11 equities research analysts have issued 1 year price objectives for Peyto Exploration & Development's shares. Their PEY share price targets range from C$13.50 to C$20.00. On average, they expect the company's stock price to reach C$16.11 in the next year. This suggests a possible upside of 8.8% 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 2024?: Peyto Exploration & Development's stock was trading at C$12.04 at the start of the year. Since then, PEY shares have increased by 23.0% and is now trading at C$14.81.
View the best growth stocks for 2024 here.
When is Peyto Exploration & Development's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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 monthly dividend on Friday, October 13th. Shareholders of record on Tuesday, October 31st will be given a dividend of 0.11 per share on Wednesday, November 15th. This represents a $1.32 annualized dividend and a dividend yield of 8.91%. The ex-dividend date of this dividend is Monday, October 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$1.32 per share and currently has a dividend yield of 8.85%. PEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 81.48%. Payout ratios above 75% are not desirable because they may not be sustainable.
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).
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.

This page (TSE:PEY) was last updated on 4/16/2024 by MarketBeat.com Staff

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

Peyto Exploration & Development MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Peyto Exploration & Development Stock (TSE:PEY)

PEY Stock Price History

PEY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

PEY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™