RBC keeps CAD 27.00 target for Peyto Exploration stock
Published on 10/20/2026 at 21:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and key dates
- RBC Capital maintained a Hold rating on October 13, 2026.
- Second-quarter 2026 revenue reached CAD 295.58 million and net income was CAD 106.26 million.
- Peyto stock costs EUR 16.18 at Lang & Schwarz on October 20, 2026 at 9:46 p.m. CEST.
- The next dividend record date is October 31, 2026, with payment scheduled for November 13, 2026.
Peyto Exploration & Development (ISIN CA7170461064) is carrying an RBC Capital Hold rating and a CAD 27.00 price target dated October 13, 2026. Markets Insider reported that analyst Michael Harvey maintained the rating and set the target. After hours on October 20, 2026, the stock was trading at EUR 16.18 at Lang & Schwarz at 9:46 p.m. CEST.
Second-quarter revenue reached CAD 295.58 million
Peyto reported CAD 295.58 million of revenue for the second quarter of 2026 and net income of CAD 106.26 million. The corresponding figures for the second quarter of 2025 were CAD 259.75 million and CAD 87.83 million, respectively, according to Markets Insider. The comparison puts the revenue increase at 13.79 percent and the net income increase at 21.02 percent.
Peyto's own website describes the company as an Alberta Deep Basin producer focused on unconventional natural gas, oil and natural gas liquids. The company trades on the Toronto Stock Exchange under the symbol PEY, according to its Peyto website.
Stock valuation remains tied to gas production
Peyto's Toronto-listed shares were at CAD 25.52 on October 20, 2026 at 3:50 p.m. ET, while the company had a market capitalization of CAD 5.2 billion and a price-to-earnings ratio of 10.69. The quoted dividend yield was 5.00 percent. Tourmaline Oil was at CAD 66.11 with a price-to-earnings ratio of 68.86 and a market capitalization of CAD 25.7 billion on the same date.
Dividend and earnings dates are next
Peyto confirmed a monthly dividend of CAD 0.12 per common share for October 2026, payable on November 13, 2026 to shareholders of record on October 31, 2026, according to MarketScreener. The next earnings report is scheduled for November 9, 2026, according to Be The Puck.
Comparison with peers
Peyto Exploration & Development: price-to-earnings ratio 10.69, market capitalization CAD 5.2 billion. Tourmaline Oil (TSX, CAD): price-to-earnings ratio 68.86, market capitalization CAD 25.7 billion.
What the target says
RBC Capital's CAD 27.00 target stands 5.80 percent above Peyto's Toronto price of CAD 25.52 on October 20, 2026. The target therefore provides a defined comparison for investors while the upcoming dividend and earnings dates supply the next company-specific milestones.
Trading stays in the spotlight
Peyto stock was trading at EUR 16.18 at Lang & Schwarz on October 20, 2026 at 9:46 p.m. CEST. The Toronto quote was CAD 25.52 on October 20, 2026 at 3:50 p.m. ET, with the two venues shown separately.
The further course of trading is shown by the continuously updated real-time quote of Peyto Exploration stock.
Peyto Exploration & Development stock facts
- Company: Peyto Exploration & Development Corp.
- ISIN: CA7170461064
- Ticker: PEY
- Primary exchange: Toronto Stock Exchange
- Price Lang & Schwarz (as of October 20, 2026, 9:46 p.m. CEST): EUR 16.18
- Market capitalization: CAD 5.2 billion (as of October 20, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 9, 2026
Market context: Market report S&P/TSX Composite.
