TSX:PEY

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Peyto Exploration & Development

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


Snowflake Analysis

High growth potential and slightly 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.0%

PEY

-2.6%

CA Oil and Gas

1.1%

CA Market


1 Year Return

-15.3%

PEY

-34.3%

CA Oil and Gas

-5.8%

CA Market

Return vs Industry: PEY exceeded the Canadian Oil and Gas industry which returned -33.2% over the past year.

Return vs Market: PEY underperformed the Canadian Market which returned -5.6% over the past year.


Shareholder returns

PEYIndustryMarket
7 Day-2.0%-2.6%1.1%
30 Day-12.6%-12.8%-2.6%
90 Day36.8%-10.1%4.0%
1 Year-10.2%-15.3%-30.6%-34.3%-2.5%-5.8%
3 Year-84.5%-87.1%-37.7%-45.4%5.7%-4.5%
5 Year-89.6%-92.1%-33.9%-45.3%32.6%12.3%

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

Valuation

Is Peyto Exploration & Development undervalued compared to its fair value and its price relative to the market?

11.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PEY (CA$2.49) is trading below our estimate of fair value (CA$2.82)

Significantly Below Fair Value: PEY is trading below fair value, but not by a significant amount.


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 (0.3x) compared to the CA Oil and Gas industry average (0.8x).


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?

64.5%

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 (1.7%).

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 (25.8% per year) is forecast to grow faster than the Canadian market (5.3% per year).

High Growth Revenue: PEY's revenue (25.8% 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 (5.2%).


Next Steps

Past Performance

How has Peyto Exploration & Development performed over the past 5 years?

-12.2%

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 12.2% 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 (-50.9%).


Return on Equity

High ROE: PEY has a negative Return on Equity (-4.98%), 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$50.3M) do not cover its short term liabilities (CA$70.8M).

Long Term Liabilities: PEY's short term assets (CA$50.3M) do not cover its long term liabilities (CA$1.8B).


Debt to Equity History and Analysis

Debt Level: PEY's debt to equity ratio (71.6%) is considered high.

Reducing Debt: PEY's debt to equity ratio has increased from 55.5% to 71.6% over the past 5 years.

Debt Coverage: PEY's debt is well covered by operating cash flow (20.9%).

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?

1.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PEY's dividend (1.61%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.72%).

High Dividend: PEY's dividend (1.61%) is low compared to the top 25% of dividend payers in the Canadian market (5.93%).


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 well covered by earnings (48.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average management tenure


CEO

Darren Gee (52 yo)

13.67yrs

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 ($USD1.12M) is above average for companies of similar size in the Canadian market ($USD821.18K).

Compensation vs Earnings: Darren's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Darren Gee
President13.67yrsCA$1.50m1.21%
CA$ 5.0m
Kathy Turgeon
VP of Finance2.33yrsCA$931.88k0.079%
CA$ 327.8k
Jean-Paul Lachance
VP of Engineering & COO2.58yrsCA$1.29m0.073%
CA$ 303.1k
David Thomas
Vice President of Exploration9.83yrsCA$1.08m0.15%
CA$ 637.2k
Stephen Chetner
Corporate Secretary20.67yrsCA$33.60k0.28%
CA$ 1.2m
Scott Robinson
Vice President of Business Developmentno dataCA$848.94k0.13%
CA$ 530.9k
Timothy Louie
Vice President of Land8.67yrsCA$582.22k0.034%
CA$ 141.5k
Lee Curran
Vice President of Drilling & Completions5.67yrsCA$943.86k0.061%
CA$ 251.0k
Todd Burdick
Vice President of Production5.67yrsCA$763.69k0.018%
CA$ 74.8k
Lydia Hamaliuk
Manager of Human Resourcesno datano datano data

9.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: PEY's management team is seasoned and experienced (9.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Darren Gee
President13.67yrsCA$1.50m1.21%
CA$ 5.0m
Kathy Turgeon
VP of Finance2.33yrsCA$931.88k0.079%
CA$ 327.8k
Gregory Fletcher
Independent Director13.67yrsCA$101.40k0.012%
CA$ 47.7k
Donald Gray
Independent Chairman of the Board11.33yrsCA$140.40k0.57%
CA$ 2.4m
Michael MacBean
Lead Independent Director11.67yrsCA$109.20k0.066%
CA$ 272.4k
John Rossall
Independent Director1.33yrsCA$60.00k0.058%
CA$ 238.5k
Brian Davis
Independent Director14.08yrsCA$101.40k0.088%
CA$ 365.5k

11.7yrs

Average Tenure

54yo

Average Age

Experienced Board: PEY's board of directors are seasoned and experienced ( 11.7 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$413.979m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PEYTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 1997
PXKDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 1997
PEYU.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 1997
PXKBST (Boerse-Stuttgart)YesCommon SharesDEEURDec 1997
0VCOLSE (London Stock Exchange)YesCommon SharesGBCADDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/01 00:21
End of Day Share Price2020/09/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.