Perpetual Energy Inc. (PMT) Receives C$1.79 Consensus Target Price from Analysts
Shares of Perpetual Energy Inc. (TSE:PMT) have been given an average rating of “Hold” by the eight brokerages that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$1.79.
A number of equities research analysts recently commented on the stock. Scotiabank set a C$1.75 price objective on shares of Perpetual Energy and gave the stock an “underperform” rating in a report on Wednesday, November 9th. TD Securities dropped their price objective on shares of Perpetual Energy from C$2.00 to C$1.65 and set a “reduce” rating on the stock in a report on Wednesday, September 28th. RBC Capital Markets raised their price objective on shares of Perpetual Energy from C$2.00 to C$2.50 in a report on Monday, December 12th. Royal Bank Of Canada dropped their price objective on shares of Perpetual Energy from C$2.50 to C$2.00 and set a “sector perform” rating on the stock in a report on Thursday, November 10th. Finally, GMP Securities upgraded shares of Perpetual Energy from a “hold” rating to a “buy” rating in a report on Thursday, December 8th.
Shares of Perpetual Energy (TSE:PMT) opened at 2.16 on Wednesday. Perpetual Energy has a 12-month low of $0.60 and a 12-month high of $2.50. The company’s market capitalization is $112.97 million. The firm’s 50-day moving average is $2.08 and its 200-day moving average is $2.00.
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Perpetual Energy Company Profile
Perpetual Energy Inc (Perpetual) is a Canada-based oil and natural gas exploration and production company. The Company is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. Perpetual’s business consists of operations in Alberta focused on exploring and developing the natural gas and NGL resource opportunities in the deep basin in west central Alberta; the exploration for and extraction of heavy oil in eastern Alberta; the development and production of shallow natural gas from mature producing regions in eastern Alberta; bitumen opportunities in northeast Alberta, and interest in a commercial gas storage business through the operation and ownership in a gas storage facility at Warwick in east central Alberta.
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