Perpetual Energy Inc. (PMT) PT Set at C$1.70 by TD Securities
Perpetual Energy Inc. (TSE:PMT) has been given a C$1.70 target price by equities researchers at TD Securities in a report released on Wednesday. The firm currently has a a “reduce” rating on the stock. TD Securities’ price target indicates a potential upside of 6.92% from the company’s current price.
Several other analysts also recently issued reports on PMT. Royal Bank Of Canada boosted their target price on shares of Perpetual Energy from C$1.50 to C$2.50 in a research note on Thursday, July 14th. Scotiabank reissued 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 research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$1.45.
Perpetual Energy (TSE:PMT) opened at 1.59 on Wednesday. The firm’s 50 day moving average price is $1.87 and its 200-day moving average price is $1.84. The firm’s market cap is $83.00 million. Perpetual Energy has a 52 week low of $0.60 and a 52 week high of $10.80.
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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