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Investor Insights

This summary was created by AI, based on 11 opinions in the last 12 months.

Experts have varied opinions on Peyto Exploration & Develop. Some believe in its long-term growth potential due to its exposure to natural gas, solid balance sheet, and high leverage to gas prices. Others express concerns about the impact of weak natural gas prices on the dividend sustainability and stock price volatility. Overall, the company is seen as a good option for dividend investors, but caution is advised due to the commodity-linked nature of the business.

Consensus
Mixed
Valuation
Fair Value
Similar
Tourmaline Oil,TXE
RISKY

Long term - is bullish natural gas (better than coal for carbon). Commodity linked company can present risk in terms of investing. Would buy if at the bottom of natural gas cycle. Divided yield can also be risky with low natural gas prices. Would recommend a small position if interested. 

oil / gas
BUY

Dividend of 12% is safe and managers are great. They're making capital investments to sustain production. Shares have been effected by weakness in natural gas prices.

oil / gas
BUY

You get growth. Dividend is 10.1%, yet has excess cashflow after that. He also sells calls on it. Doesn't see capital appreciation. Uses it as an attractive income vehicle.

oil / gas
Unspecified

The new gas line will bring 2 billion cubic feet of LNG to the coast but they won't see the impact of the new pipeline until 2025. This makes for a good future. The dividend of 9% relies on the underlying commodity prices for the company so therefore the stock price can be volatile.

oil / gas
BUY

Owns shares in income fund. Dividend is very safe at ~9%. Recent M&A good for business. Getting more interested in natural gas stocks given LNG future in Canada. Strong management team. Great stock for dividend investors. 

oil / gas
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

PEY has a solid balance sheet and a long history of growth. It has seen many cycles already, and was one of the first companies to convert into an income trust way back (which did benefit shareholders). It trades at only 7X earnings and barely 4X cash flow. The dividend is attractive and was more than doubled late last year. It is not guaranteed of course but is well-covered by cash flow. Payout ratio is 21%. We like management and its leverage to gas prices is very high. Some fault it because of its hedge program on prices, but of course this does also reduce risk of price volatility.
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oil / gas
BUY

Buying shares recently.
Strong company with good dividend.
Expecting higher natural gas prices.
Hedging allows for safety on dividend.
Excellent management team.

oil / gas
HOLD
Dividend sustainable?

If we stay at the current gas price for the next year, dividend is not sustainable. PEY has a good hedge position, and they're actually getting good gas pricing, so it has a buffer. He owns it in an income fund, making about 18% after selling calls. Not in his main fund, as all he wants to own is Canadian heavy oil.

oil / gas
PARTIAL BUY

Yields 11.6%. Not for the feint of heart. A dryer gas player. Medium-term this looks good, and it's a good way to play western Canadian gas. Buy a partial position, but expect some rough days short-term as you collect that 11.6%.

oil / gas
RISKY

Calgary based oil & gas company.
Most of production is natural gas.
Weak natural gas prices causing worries for investors.
Unsure of dividend sustainability. 
Prefers other natural gas names in sector. 

oil / gas
SELL

If you're willing to endure another year of miserable natural gas prices, it should be fine. He'd prefer to pay the premium for TOU and get the inventory depth, especially if you're sitting on a tax loss.

oil / gas
WEAK BUY
PEY vs. BIR vs. ARX

LNG Canada is bringing a significant export opportunity for all Canadian nat gas companies towards the end of 2025. This will be transformational. He likes all Canadian nat gas producers on a volume basis. His preference is ARX, as it's diversified with undeveloped land. Prefers PEY to BIR; management is stronger, though its dividend will be subject to commodity prices, can grow production long-term. 

oil / gas
DON'T BUY
Darren Gee sold $3mm shares yesterday (former CEO). Not a good sign. Natural gas prices are going to fall (tough on business). Would invest in other names.
oil / gas
BUY
Commodity prices will stay flat or rise and so will Peyto share prices. They have a good track record of returning capital to shareholders. Pays a 10% dividend. Cash flows should continue and sustain stability.
oil / gas
TOP PICK
Very high dividend rate. Good for natural gas exposure. Expecting more returns to be rewarded to investors.
oil / gas
Showing 1 to 15 of 262 entries

Peyto Exploration & Develop.(PEY-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 8

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 10

Stockchase rating for Peyto Exploration & Develop. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Peyto Exploration & Develop.(PEY-T) Frequently Asked Questions

What is Peyto Exploration & Develop. stock symbol?

Peyto Exploration & Develop. is a Canadian stock, trading under the symbol PEY-T on the Toronto Stock Exchange (PEY-CT). It is usually referred to as TSX:PEY or PEY-T

Is Peyto Exploration & Develop. a buy or a sell?

In the last year, 10 stock analysts published opinions about PEY-T. 8 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Peyto Exploration & Develop..

Is Peyto Exploration & Develop. a good investment or a top pick?

Peyto Exploration & Develop. was recommended as a Top Pick by on . Read the latest stock experts ratings for Peyto Exploration & Develop..

Why is Peyto Exploration & Develop. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Peyto Exploration & Develop. worth watching?

10 stock analysts on Stockchase covered Peyto Exploration & Develop. In the last year. It is a trending stock that is worth watching.

What is Peyto Exploration & Develop. stock price?

On 2024-04-15, Peyto Exploration & Develop. (PEY-T) stock closed at a price of $15.09.