Added to YB: 2024-10-21
Pitch date: 2024-10-21
PEY.TO [bullish]
Peyto Exploration & Development Corp.
+64.37%
current return
Author Info
No bio for this author
Company Info
Peyto Exploration & Development Corp., together with its subsidiaries, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Alberta’s deep basin.
Market Cap
CAD 3.3B
Pitch Price
CAD 13.96
Price Target
22.00 (-4%)
Dividend
7.93%
EV/EBITDA
5.46
P/E
11.73
EV/Sales
5.44
Sector
Oil, Gas and Consumable Fuels
Category
value
Peyto Exploration (PEY.TO) Trading Below Historical DACF Multiples – Time to Revalue?
PEY.TO: Natural gas producer trading at 4.5x DACF vs historical 10-12x. Production/share up, maintenance capex down due to low 25% decline rate. $22 target implies 6x DACF, still below peer TOU's 7x 2024E. Valuation rebound potential as interest rates fall, but unlikely to reach historical highs.
Read full article (2 min)