Perpetual Energy (PMT) PT Lowered to C$1.00
Perpetual Energy (TSE:PMT) had its price objective lowered by equities researchers at TD Securities from C$1.40 to C$1.00 in a research note issued on Thursday. The firm presently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential upside of 42.86% from the company’s current price.
Separately, GMP Securities lifted their price objective on Perpetual Energy from C$2.05 to C$2.10 in a research report on Monday, November 13th.
Perpetual Energy (TSE PMT) traded down C$0.01 during trading on Thursday, reaching C$0.70. The company’s stock had a trading volume of 9,725 shares, compared to its average volume of 57,192. The company has a market cap of $41.80, a PE ratio of -4.12 and a beta of 1.04. Perpetual Energy has a fifty-two week low of C$0.67 and a fifty-two week high of C$1.87.
In other news, insider William Mark Schweitzer acquired 100,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were acquired at an average cost of C$1.12 per share, with a total value of C$112,000.00.
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About Perpetual Energy
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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