Perpetual Energy Inc. (PMT) Price Target Lowered to C$1.65 at TD Securities
Perpetual Energy Inc. (TSE:PMT) had its price objective trimmed by TD Securities from C$2.00 to C$1.65 in a research report sent to investors on Wednesday morning. The firm currently has a reduce rating on the stock.
PMT has been the subject of several other reports. Royal Bank Of Canada upped their target price on Perpetual Energy from C$1.50 to C$2.50 in a research note on Thursday, July 14th. Scotiabank reaffirmed an underperform rating and set a C$1.75 target price on shares of Perpetual Energy in a research note on Friday, August 5th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of Hold and an average price target of C$1.53.
Perpetual Energy (TSE:PMT) opened at 2.06 on Wednesday. The company’s market cap is $107.53 million. Perpetual Energy has a 1-year low of $0.60 and a 1-year high of $16.00. The firm’s 50-day moving average is $1.92 and its 200 day moving average is $1.72.
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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