Royal Bank Of Canada Trims Perpetual Energy Inc. (PMT) Target Price to C$2.00
Perpetual Energy Inc. (TSE:PMT) had its price target trimmed by Royal Bank Of Canada from C$2.50 to C$2.00 in a report released on Thursday, StockTargetPrices.com reports. The brokerage currently has a sector perform rating on the stock.
Other equities research analysts also recently issued research reports about the stock. TD Securities downgraded shares of Perpetual Energy from a hold rating to a reduce rating and cut their target price for the stock from C$2.50 to C$2.00 in a research report on Tuesday, August 9th. Scotiabank reiterated an underperform rating and issued a C$1.75 target price on shares of Perpetual Energy in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Perpetual Energy has an average rating of Hold and a consensus target price of C$1.45.
Perpetual Energy (TSE:PMT) opened at 1.54 on Thursday. The firm has a 50-day moving average of $1.86 and a 200-day moving average of $1.86. Perpetual Energy has a 52-week low of $0.60 and a 52-week high of $10.80. The stock’s market capitalization is $80.39 million.
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.
Receive News & Stock Ratings for Perpetual Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perpetual Energy Inc. and related stocks with our FREE daily email newsletter.