Peyto Exploration & Development stock gets Moderate Buy consensus
Published on 09/30/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Peyto Exploration & Development stock gets a Moderate Buy consensus from six analysts, with an average 12-month target of CAD 26.64. The income case is supported by Q2 2026 funds from operations of CAD 228 million and a monthly dividend payable on October 15, 2026.
Analysts see CAD 26.64
According to MarketBeat on September 21, 2026, three analysts rated Peyto Exploration & Development a hold, two issued buy ratings and one issued a strong-buy rating. National Bank Financial raised its target from CAD 29.00 to CAD 30.00 on July 8, 2026, and assigned an outperform rating, while the average target stood at CAD 26.64.
The target spread gives investors a clear reference point for the debate around Peyto's valuation. MarketBeat also reported a 52-week range of CAD 17.92 to CAD 29.22 and a market capitalization of CAD 5.0 billion on September 21, 2026.
Q2 cash flow funds the payout
Peyto's September 2026 corporate presentation shows Q2 funds from operations of CAD 228 million, versus CAD 191 million in Q2 2025, a 19.37 percent increase. Q2 earnings reached CAD 106 million, compared with CAD 88 million a year earlier, while earnings per share rose to CAD 0.52 from CAD 0.44, according to Peyto.
Production also expanded in the quarter. Natural gas output reached 758 million cubic feet per day, up from 697 million in Q2 2025, while average production rose to 145,320 barrels of oil equivalent per day from 131,754.
Dividend date is October 15
Peyto confirmed on September 15, 2026, that the CAD 0.12 monthly dividend for September will be paid on October 15 to shareholders of record on September 30. The company had increased the monthly payout by CAD 0.01, or 9.09 percent, starting in May 2026, according to Peyto.
Peyto is focused on natural gas, oil and natural gas liquids in Alberta's Deep Basin. Its September presentation listed Q2 2026 net debt at CAD 1.016 billion, down CAD 227 million, or 18.23 percent, from Q2 2025.
Toronto listing stays central
Peyto trades on the Toronto Stock Exchange under ticker PEY. The company combines operated production, hedging and monthly shareholder distributions, leaving quarterly funds from operations and debt reduction as key measures for the stock's income profile.
Peyto Exploration & Development stock at a glance
- Company: Peyto Exploration & Development Corp.
- Ticker: PEY
- Primary exchange: Toronto Stock Exchange
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Q2 2026 funds from operations: CAD 228 million
- Monthly dividend: CAD 0.12 payable October 15, 2026
