Last C$35.56 CAD
Change Today +0.60 / 1.72%
Volume 498.1K
As of 4:00 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

peyto exploration & dev corp (PEY) Snapshot

Open
C$34.76
Previous Close
C$34.96
Day High
C$36.05
Day Low
C$34.59
52 Week High
06/16/14 - C$42.00
52 Week Low
01/12/15 - C$29.66
Market Cap
5.5B
Average Volume 10 Days
547.9K
EPS TTM
C$1.53
Shares Outstanding
153.9M
EX-Date
03/27/15
P/E TM
23.2x
Dividend
C$1.32
Dividend Yield
3.36%
Current Stock Chart for PEYTO EXPLORATION & DEV CORP (PEY)

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peyto exploration & dev corp (PEY) Details

Peyto Exploration & Development Corp., an energy company, explores, develops, and produces oil and natural gas in Canada. The company also produces natural gas liquids. Its oil and gas properties are located in the Alberta’s Deep Basin. As of December 31, 2013, it had total proved plus probable reserves of 2,807 billion cubic feet 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 Corp. was founded in 1997 and is headquartered in Calgary, Canada.

Founded in 1997

peyto exploration & dev corp (PEY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$247.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$211.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: C$242.0K
Vice President of Exploration
Total Annual Compensation: C$216.0K
Vice President of Exploitation
Total Annual Compensation: C$205.0K
Compensation as of Fiscal Year 2013.

peyto exploration & dev corp (PEY) Key Developments

Peyto Exploration & Development Corp Reports Earnings Results for the Year Ended December 31, 2014; Announces Production Results for the First Six Weeks of 2015; Announces Drilling Plans for 2015; Provides Production and Capital Expenditure Guidance for 2015

Peyto Exploration & Development Corp. reported earnings results for the year ended December 31, 2014. For the year ended December 31, 2014, the company invested $690 million of capital (capital expenditures) to build a record 41,000 boe/d of new production at a cost of $16,800/boe/d. This is the fifth year in a row that it has built new production for less than $17,600/boe/d, inclusive of land, seismic, facilities and all well costs. At year-end 2014, the company's estimated net debt had increased by $64.7 million to $1.011 billion. For the first six weeks of 2015, production has averaged 82,000 boe/d, with 3,000 boe/d shut in, mainly due to service interruptions on the TCPL system. Since February 13, 2015, service has been restored and production has returned to 85,000 boe/d. The company's drilling plans for 2015 remain the same as previously announced and will take advantage of lower service costs to drill up to 130 (net) horizontal wells. Should targeted savings of 20% be realized, it is estimated new working interest production could be added at a record $13,500/boe/d. 2015 capital plans are to drill up to 130 (net) horizontal wells. This plan is contingent on the ability to drill through the traditional break up period, similar to 2014, but could be impacted if spring weather is uncooperative. If the full cost savings are achieved as anticipated, then production from the new wells should be added for as little as $13,500/boe/d. For 2015, InSite is forecasting the total base production (all wells on production at Dec. 31, 2014) to decline to approximately 54,200 boe/d by December, 2015. This implies a base decline rate of 36% from December 2014. This forecast decline rate is slightly lower than the 2014 actual base decline of 38% because the 2014 production additions represent a smaller proportion of total production than in the prior year. It is expected that the base decline rate will continue to shrink into the future as the company's total production grows. For 2015, the company expected capital expenditures of $590 million.

Peyto Exploration &Development Corp. Confirms Monthly Dividend Payable on March 13, 2015

Peyto Exploration &Development Corp. confirmed that the monthly dividend with respect to February 2015 of $0.11 per common share is to be paid on March 13, 2015, for shareholders of record on February 28, 2015. The ex-dividend date is February 25, 2015.

Peyto Exploration & Development Corp Announces Addition of Two New Members to its Management Team

Peyto Exploration & Development Corp. announced the addition of two new members to its management team. Mr. Lee Curran has been promoted to Vice President of Drilling and Completions. Mr. Curran has over 20 years of drilling experience and has held roles of increasing responsibility since joining Peyto's drilling department in 2006, most recently as the company's Drilling Manager. In addition, Mr. Todd Burdick has been promoted to Vice President of Production.

 

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Valuation PEY Industry Range
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Price/Sales 6.1x
Price/Book 3.4x
Price/Cash Flow 9.5x
TEV/Sales 4.9x
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