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Last C$31.18 CAD
Change Today +1.63 / 5.52%
Volume 1.7M
PEY On Other Exchanges
Symbol
Exchange
OTC US
Toronto
Frankfurt
As of 4:00 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

peyto exploration & dev corp (PEY) Snapshot

Open
C$29.41
Previous Close
C$29.55
Day High
C$31.59
Day Low
C$29.15
52 Week High
09/3/14 - C$38.68
52 Week Low
08/24/15 - C$24.11
Market Cap
5.0B
Average Volume 10 Days
902.0K
EPS TTM
C$1.27
Shares Outstanding
159.0M
EX-Date
09/28/15
P/E TM
24.6x
Dividend
C$1.32
Dividend Yield
4.15%
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, 2014, it had a total proved plus probable reserves of 3,188.2 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.

48 Employees
Last Reported Date: 03/13/15
Founded in 1997

peyto exploration & dev corp (PEY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$275.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$220.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: C$265.0K
Vice President of Exploration
Total Annual Compensation: C$228.0K
Vice President of Exploitation
Total Annual Compensation: C$220.0K
Compensation as of Fiscal Year 2014.

peyto exploration & dev corp (PEY) Key Developments

Peyto Exploration & Development Corp Confirms August 2015 Dividend, Payable on September 51, 2015

Peyto Exploration & Development Corp. confirmed that the monthly dividend with respect to August 2015 of $0.11 per common share is to be paid on September 15, 2015, for shareholders of record on August 31, 2015. The ex-dividend date is August 27, 2015.

Peyto Exploration & Development Looking For Land Acquisitions

Peyto Exploration & Development Corp (TSX:PEY) says it will continue to close more land deals through the remainder of the year and will do so in conjunction with land sale acquisitions as 80% of neutral drill additions have come from negotiated land deals.

Peyto Exploration & Development Corp. Announces Unaudited Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure Guidance for the Year 2015

Peyto Exploration & Development Corp. announced unaudited earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported petroleum and natural gas sales, of CAD 166,327,000 against CAD 189,830,000 a year ago. Earnings before taxes were CAD 53,349,000 against CAD 82,888,000 a year ago. Earnings for the period were CAD 12,295,000 or CAD 0.08 basic and diluted per share against CAD 62,159,000 or CAD 0.41 basic and diluted per share a year ago. Cash provided by operating activities was CAD 134,316,000 against CAD 152,170,000 a year ago. Additions to property, plant and equipment was CAD 116,643,000 against CAD 151,290,000 a year ago. Funds from operations were CAD 135,195,000 or CAD 0.86 per share against CAD 161,577,000 or CAD 1.05 per share a year ago, due to a 28% reduction in realized commodity prices. Capital expenditure was CAD 116,643,000 against CAD 151,290,000 a year ago. Annualized return on equity of 10% in the quarter was reduced to 7% due to the one-time increase in deferred taxes resulting from the announced Alberta NDP government corporate tax rate increase. Cash flow was CAD 133.52 million or CAD 0.84 per share against CAD 154.73 million or CAD 1.01 per share a year ago. For the six months, the company reported petroleum and natural gas sales, of CAD 342,147,000 against CAD 381,286,000 a year ago. Earnings before taxes were CAD 112,699,000 against CAD 165,728,000 a year ago. Earnings for the period were CAD 56,808,000 or CAD 0.36 basic and diluted per share against CAD 124,288,000 or CAD 0.81 basic and diluted per share a year ago. Cash provided by operating activities was CAD 260,450,000 against CAD 298,624,000 a year ago. Additions to property, plant and equipment was CAD 254,720,000 against CAD 330,668,000 a year ago. Funds from operations were CAD 279,837,000 or CAD 1.80 per share against CAD 322,362,000 or CAD 2.11 per share a year ago. Capital expenditure was CAD 254,720,000 against CAD 330,668,000 a year ago. Net debt as at June 30, 2015, was CAD 934,262,000 against CAD 880,386,000 a year ago. Cash flow was CAD 275.15 million or CAD 1.76 per share against CAD 309.15 million or CAD 2.02 per share a year ago. For the quarter, the company reported natural gas production of 455,443 mcf/d against 388,407 mcf/d a year ago. Oil & NGL was 6,843 bbl/d against 7,568 bbl/d a year ago. Barrels of oil equivalent (boe/d at 6:1) was 82,750 boe/d against 72,302 boe/d a year ago. For the six months, the company reported natural gas production of 450,148 mcf/d against 388,703 mcf/d a year ago. Oil & NGL was 7,148 bbl/d against 7,472 bbl/d a year ago. Barrels of oil equivalent (boe/d at 6:1) was 82,172 boe/d against 72,256 boe/d a year ago. The company is maintaining the previous 2015 capital budget between CAD 575 million and CAD 625 million, although it is expected that approximately six more wells will now be drilled with this same capital investment. Drilling and completion costs continue to remain low with realized reductions of approximately 30% as compared to 2014. TCPL and propane the latest projections from TransCanada Pipelines Ltd. are for gradual increases in system capacity over August and September with a larger step-up in October. The company remains optimistic that production will return to full capability for the normally higher gas price winter months of November and December. In addition, the company is rejecting approximately 1,200 boe per day of propane into the gas stream due to negative liquid propane prices. The company's current production is approximately 80,000 boe per day with an additional 11,000 boe per day of production offline due to restrictions. Aggregate well production results for the new 2015 wells continue to exceed the per-well average production results of all prior years. These two achievements are combining to preserve the company’s return expectations in a lower commodity price environment. As a result, the company increased the drilling activity to 10 active drilling rigs at the start of the third quarter which, when combined with the reduced drilling time, is effectively the same as running 12 rigs a year ago.

 

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Price/Cash Flow 8.7x
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