Perpetual Energy Inc. (TSE:PMT – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.47 and traded as high as C$0.54. Perpetual Energy shares last traded at C$0.53, with a volume of 8,220 shares changing hands.
Analysts Set New Price Targets
Separately, Stifel Nicolaus cut Perpetual Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.
Perpetual Energy Price Performance
Perpetual Energy (TSE:PMT – Get Free Report) last issued its quarterly earnings results on Monday, March 25th. The company reported C$0.09 EPS for the quarter, topping the consensus estimate of C($0.02) by C$0.11. Perpetual Energy had a return on equity of 4.75% and a net margin of 10.53%. The firm had revenue of C$12.77 million during the quarter. Equities analysts forecast that Perpetual Energy Inc. will post 0.0203443 EPS for the current fiscal year.
Perpetual Energy Company Profile
Perpetual Energy Inc engages in the exploration, production, and marketing of oil and natural gas in Canada. The company's portfolio of assets includes liquids-rich natural gas assets located in deep basin of west central Alberta; and undeveloped bitumen leases located in Northern Alberta. Perpetual Energy Inc is headquartered in Calgary, Canada.
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