PEY Stock Overview
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.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$10.42|
|52 Week High||CA$11.96|
|52 Week Low||CA$2.71|
|1 Month Change||6.76%|
|3 Month Change||53.46%|
|1 Year Change||263.07%|
|3 Year Change||4.94%|
|5 Year Change||-69.74%|
|Change since IPO||8,960.87%|
Recent News & Updates
Are Investors Undervaluing Peyto Exploration & Development Corp. (TSE:PEY) By 31%?
In this article we are going to estimate the intrinsic value of Peyto Exploration & Development Corp. ( TSE:PEY ) by...
|PEY||CA Oil and Gas||CA Market|
Return vs Industry: PEY exceeded the Canadian Oil and Gas industry which returned 46.3% over the past year.
Return vs Market: PEY exceeded the Canadian Market which returned 21.9% over the past year.
|PEY Average Weekly Movement||6.8%|
|Oil and Gas Industry Average Movement||9.9%|
|Market Average Movement||9.4%|
|10% most volatile stocks in CA Market||17.1%|
|10% least volatile stocks in CA Market||3.5%|
Stable Share Price: PEY is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: PEY's weekly volatility (7%) has been stable over the past year.
About the Company
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, 2020, it had a total proved plus probable reserves of 834 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 Fundamentals Summary
|PEY fundamental statistics|
Is PEY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PEY income statement (TTM)|
|Cost of Revenue||CA$102.11m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Mar 09, 2022
|Earnings per share (EPS)||0.88|
|Net Profit Margin||21.73%|
How did PEY perform over the long term?See historical performance and comparison
0.5%Current Dividend Yield
Is Peyto Exploration & Development undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PEY (CA$11.16) is trading below our estimate of fair value (CA$16.34)
Significantly Below Fair Value: PEY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PEY is poor value based on its PE Ratio (12.7x) compared to the Canadian Oil and Gas industry average (7.7x).
PE vs Market: PEY is poor value based on its PE Ratio (12.7x) compared to the Canadian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PEY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PEY is good value based on its PB Ratio (1.2x) compared to the CA Oil and Gas industry average (1.9x).
How is Peyto Exploration & Development forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PEY's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if PEY's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PEY's revenue (10.2% per year) is forecast to grow faster than the Canadian market (5.6% per year).
High Growth Revenue: PEY's revenue (10.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PEY's Return on Equity is forecast to be high in 3 years time
How has Peyto Exploration & Development performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PEY has a large one-off gain of CA$76.8M impacting its September 30 2021 financial results.
Growing Profit Margin: PEY became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PEY's earnings have declined by 20.2% per year over the past 5 years.
Accelerating Growth: PEY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PEY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (132.3%).
Return on Equity
High ROE: PEY's Return on Equity (9.3%) is considered low.
How is Peyto Exploration & Development's financial position?
Financial Position Analysis
Short Term Liabilities: PEY's short term assets (CA$133.4M) do not cover its short term liabilities (CA$401.9M).
Long Term Liabilities: PEY's short term assets (CA$133.4M) do not cover its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: PEY's net debt to equity ratio (82.8%) is considered high.
Reducing Debt: PEY's debt to equity ratio has increased from 63.8% to 83.6% over the past 5 years.
Debt Coverage: PEY's debt is well covered by operating cash flow (27.4%).
Interest Coverage: PEY's interest payments on its debt are not well covered by EBIT (2.8x coverage).
What is Peyto Exploration & Development current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PEY's dividend (0.45%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.59%).
High Dividend: PEY's dividend (0.45%) is low compared to the top 25% of dividend payers in the Canadian market (4.6%).
Stability and Growth of Payments
Stable Dividend: PEY is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: PEY is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: PEY is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PEY's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Darren Gee (53 yo)
Mr. Darren Gee has been the Chief Executive Officer of Peyto Exploration & Development Corp since January 1, 2007 and served as its President since August 2006 until November 2021. Mr. Gee served as Chief...
CEO Compensation Analysis
Compensation vs Market: Darren's total compensation ($USD663.52K) is below average for companies of similar size in the Canadian market ($USD1.96M).
Compensation vs Earnings: Darren's compensation has been consistent with company performance over the past year.
Experienced Management: PEY's management team is seasoned and experienced (11 years average tenure).
Experienced Board: PEY's board of directors are seasoned and experienced ( 12.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PEY insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Peyto Exploration & Development Corp.'s employee growth, exchange listings and data sources
- Name: Peyto Exploration & Development Corp.
- Ticker: PEY
- Exchange: TSX
- Founded: 1998
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$1.864b
- Shares outstanding: 167.06m
- Website: https://www.peyto.com
Number of Employees
- Peyto Exploration & Development Corp.
- 600 – 3rd Avenue SW
- Suite 300
- T2P 0G5
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/01 00:01|
|End of Day Share Price||2021/11/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.