Executive Summary
Peyto Exploration & Development Corp., an energy company, engages in the acquisition, exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential and overvalued.
Share Price & News
How has Peyto Exploration & Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
26.3%
PEY
1.3%
CA Oil and Gas
-0.5%
CA Market
1 Year Return
21.5%
PEY
-24.2%
CA Oil and Gas
1.7%
CA Market
Return vs Industry: PEY exceeded the Canadian Oil and Gas industry which returned -22.5% over the past year.
Return vs Market: PEY exceeded the Canadian Market which returned 2.6% over the past year.
Shareholder returns
| PEY | Industry | Market | |
|---|---|---|---|
| 7 Day | 26.3% | 1.3% | -0.5% |
| 30 Day | 35.9% | 5.3% | 3.4% |
| 90 Day | 58.2% | 26.1% | 12.3% |
| 1 Year | 26.8%21.5% | -19.9%-24.2% | 5.3%1.7% |
| 3 Year | -60.1%-66.3% | -20.9%-30.7% | 13.0%2.3% |
| 5 Year | -80.8%-85.4% | 2.3%-15.8% | 66.2%40.7% |
Long-Term Price Volatility Vs. Market
How volatile is Peyto Exploration & Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Is The Ownership Structure Like For Peyto Exploration & Development Corp. (TSE:PEY)?1 month ago | Simply Wall St
Are Insiders Buying Peyto Exploration & Development Corp. (TSE:PEY) Stock?1 month ago | Simply Wall St
Consider This Before Buying Peyto Exploration & Development Corp. (TSE:PEY) For The 1.4% DividendValuation
Is Peyto Exploration & Development undervalued compared to its fair value and its price relative to the market?
0.43x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: PEY (CA$4.13) is trading above our estimate of fair value (CA$2.27)
Significantly Below Fair Value: PEY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PEY is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.
PE vs Market: PEY is unprofitable, so we can't compare its PE Ratio to the Canadian market.
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 (0.4x) compared to the CA Oil and Gas industry average (1.2x).
Next Steps
Future Growth
How is Peyto Exploration & Development forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
54.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PEY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: PEY is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PEY's is expected to become profitable in the next 3 years.
Revenue vs Market: PEY's revenue (35.1% per year) is forecast to grow faster than the Canadian market (7.8% per year).
High Growth Revenue: PEY's revenue (35.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PEY's Return on Equity is forecast to be low in 3 years time (4.7%).
Next Steps
Past Performance
How has Peyto Exploration & Development performed over the past 5 years?
-18.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PEY is currently unprofitable.
Growing Profit Margin: PEY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PEY is unprofitable, and losses have increased over the past 5 years at a rate of 18.8% per year.
Accelerating Growth: Unable to compare PEY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PEY is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-52.6%).
Return on Equity
High ROE: PEY has a negative Return on Equity (-6.23%), as it is currently unprofitable.
Next Steps
Financial Health
How is Peyto Exploration & Development's financial position?
Financial Position Analysis
Short Term Liabilities: PEY's short term assets (CA$83.1M) do not cover its short term liabilities (CA$139.5M).
Long Term Liabilities: PEY's short term assets (CA$83.1M) do not cover its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: PEY's debt to equity ratio (77%) is considered high.
Reducing Debt: PEY's debt to equity ratio has increased from 59.4% to 77% over the past 5 years.
Debt Coverage: PEY's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: PEY is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Peyto Exploration & Development current dividend yield, its reliability and sustainability?
0.97%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PEY's dividend (0.97%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.55%).
High Dividend: PEY's dividend (0.97%) is low compared to the top 25% of dividend payers in the Canadian market (5%).
Stability and Growth of Payments
Stable Dividend: PEY's dividend payments have been volatile in the past 10 years.
Growing Dividend: PEY's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: PEY is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: PEY's dividends in 3 years are forecast to be covered by earnings (50.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.6yrs
Average management tenure
CEO
Darren Gee (52 yo)
14yrs
Tenure
CA$1,495,915
Compensation
Mr. Darren Gee has been the Chief Executive Officer of Peyto Exploration & Development Corp since January 1, 2007 and its President since August 2006. Mr. Gee served as Chief Executive Officer and Presiden...
CEO Compensation Analysis
Compensation vs Market: Darren's total compensation ($USD1.17M) is above average for companies of similar size in the Canadian market ($USD793.66K).
Compensation vs Earnings: Darren's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14yrs | CA$1.50m | 1.21% CA$ 8.1m | |
| VP of Finance | 2.67yrs | CA$931.88k | 0.079% CA$ 529.0k | |
| VP of Engineering & COO | 2.92yrs | CA$1.29m | 0.073% CA$ 489.1k | |
| Vice President of Exploration | 10.17yrs | CA$1.08m | 0.15% CA$ 1.0m | |
| Corporate Secretary | 21yrs | CA$33.60k | 0.28% CA$ 1.9m | |
| Vice President of Business Development | no data | CA$848.94k | 0.15% CA$ 978.1k | |
| Vice President of Land | 9yrs | CA$582.22k | 0% CA$ 0 | |
| Vice President of Drilling & Completions | 6yrs | CA$943.86k | 0.061% CA$ 405.0k | |
| Vice President of Production | 6yrs | CA$763.69k | 0.018% CA$ 120.7k | |
| Manager of Human Resources | no data | no data | no data |
9.6yrs
Average Tenure
55.5yo
Average Age
Experienced Management: PEY's management team is seasoned and experienced (9.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14yrs | CA$1.50m | 1.21% CA$ 8.1m | |
| VP of Finance | 2.67yrs | CA$931.88k | 0.079% CA$ 529.0k | |
| Independent Director | 14yrs | CA$101.40k | 0.012% CA$ 77.0k | |
| Independent Chairman of the Board | 11.67yrs | CA$140.40k | 0.57% CA$ 3.8m | |
| Lead Independent Director | 12yrs | CA$109.20k | 0.066% CA$ 439.5k | |
| Independent Director | 1.67yrs | CA$60.00k | 0.065% CA$ 433.4k | |
| Independent Director | 14.42yrs | CA$101.40k | 0.088% CA$ 589.8k |
12.0yrs
Average Tenure
54yo
Average Age
Experienced Board: PEY's board of directors are seasoned and experienced ( 12 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Peyto Exploration & Development Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Peyto Exploration & Development Corp.
- Ticker: PEY
- Exchange: TSX
- Founded: 1998
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$667.974m
- Shares outstanding: 164.93m
- Website: https://www.peyto.com
Number of Employees
Location
- Peyto Exploration & Development Corp.
- 600 – 3rd Avenue SW
- Suite 300
- Calgary
- Alberta
- T2P 0G5
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PEY | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Dec 1997 |
| PXK | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 1997 |
| PEYU.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Dec 1997 |
| PXK | BST (Boerse-Stuttgart) | Yes | Common Shares | DE | EUR | Dec 1997 |
| 0VCO | LSE (London Stock Exchange) | Yes | Common Shares | GB | CAD | Dec 1997 |
Biography
Peyto Exploration & Development Corp., an energy company, engages in the acquisition, exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. As o...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 23:48 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.