Scotiabank Analysts Give Perpetual Energy Inc. (PMT) a C$1.75 Price Target
PMT has been the topic of several other research reports. Royal Bank Of Canada lifted their price target on Perpetual Energy from C$1.50 to C$2.50 in a research note on Thursday, July 14th. TD Securities lowered 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 note on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of C$1.45.
Shares of Perpetual Energy (TSE:PMT) opened at 1.60 on Wednesday. The company’s market cap is $83.52 million. Perpetual Energy has a 12-month low of $0.60 and a 12-month high of $10.80. The company has a 50-day moving average price of $1.86 and a 200-day moving average price of $1.84.
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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