Perpetual Energy Inc. (PMT) Price Target Cut to C$2.00 by Analysts at TD Securities
A number of other research analysts have also recently issued reports on PMT. Royal Bank of Canada raised their price target on shares of Perpetual Energy from C$2.00 to C$2.50 and gave the stock a sector perform rating in a report on Monday, December 12th. Scotiabank set a C$2.00 price target on shares of Perpetual Energy and gave the stock an underperform rating in a report on Monday, February 13th. Finally, GMP Securities raised shares of Perpetual Energy from a hold rating to a buy rating in a report on Thursday, December 8th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Perpetual Energy presently has an average rating of Hold and an average target price of C$2.00.
Perpetual Energy (TSE:PMT) remained flat at $1.67 on Friday. 12,480 shares of the company’s stock traded hands. The stock’s 50 day moving average is $1.75 and its 200 day moving average is $1.91. The stock’s market capitalization is $87.34 million. Perpetual Energy has a 12 month low of $1.00 and a 12 month high of $2.50.
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In other news, insider Clayton H. Riddell purchased 200,000 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were bought at an average price of C$1.62 per share, for a total transaction of C$324,000.00. Also, insider Clayton H. Riddell purchased 300,000 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were purchased at an average price of C$1.64 per share, for a total transaction of C$492,000.00.
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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