GMP Securities Increases Perpetual Energy Inc. (PMT) Price Target to C$2.10
Perpetual Energy Inc. (TSE:PMT) had its target price lifted by equities research analysts at GMP Securities from C$2.05 to C$2.10 in a research note issued to investors on Monday. GMP Securities’ target price would indicate a potential upside of 79.49% from the stock’s current price.
Separately, TD Securities lowered their price objective on shares of Perpetual Energy from C$1.50 to C$1.45 and set a “hold” rating on the stock in a research report on Monday, August 14th.
Perpetual Energy (PMT) traded down C$0.03 during midday trading on Monday, reaching C$1.17. 19,430 shares of the company’s stock traded hands, compared to its average volume of 32,244. Perpetual Energy has a 12-month low of C$1.00 and a 12-month high of C$2.44.
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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