Perpetual Energy Inc. (TSE:PMT) shares reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.28 and last traded at C$0.28, with a volume of 19808 shares trading hands. The stock had previously closed at C$0.30.

A number of research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Perpetual Energy from C$0.75 to C$0.80 and gave the company a “sector perform” rating in a research note on Tuesday, August 7th. TD Securities raised their price objective on shares of Perpetual Energy from C$0.75 to C$0.80 and gave the company a “hold” rating in a research note on Tuesday, August 7th.

Perpetual Energy (TSE:PMT) last posted its quarterly earnings results on Thursday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.07) by C$0.05. The firm had revenue of C$20.77 million for the quarter. Perpetual Energy had a negative net margin of 44.06% and a negative return on equity of 19.13%.

Perpetual Energy Company Profile (TSE:PMT)

Perpetual Energy Inc engages in the exploration, development, and marketing of oil and natural gas based energy in Canada. It produces heavy oil, liquids-rich natural gas, shallow gas, and bitumen. The company has liquids-rich natural gas assets in the deep basin of west central Alberta; heavy oil and shallow natural gas assets in eastern Alberta; and undeveloped oil sands leases in northern Alberta.

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