Perpetual Energy Inc. (PMT) Given “Sector Perform” Rating at Royal Bank Of Canada
Royal Bank Of Canada reissued their sector perform rating on shares of Perpetual Energy Inc. (TSE:PMT) in a research note released on Thursday. The brokerage currently has a C$2.50 price objective on the stock.
A number of other equities analysts have also recently issued reports on PMT. Scotiabank reiterated an underperform rating and set a C$1.75 price objective on shares of Perpetual Energy in a research report on Friday, August 5th. TD Securities cut shares of Perpetual Energy from a hold rating to a reduce rating and decreased their price target for the company from C$2.50 to C$2.00 in a research report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of C$1.53.
Perpetual Energy (TSE:PMT) remained flat at $2.06 during mid-day trading on Thursday. 32,642 shares of the company traded hands. The company’s market capitalization is $107.53 million. Perpetual Energy has a 52 week low of $0.60 and a 52 week high of $16.00. The stock has a 50 day moving average price of $1.92 and a 200 day moving average price of $1.72.
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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