Shares of Perpetual Energy Inc. (TSE:PMT) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$0.59.
Shares of Perpetual Energy (TSE:PMT) remained flat at $0.05 during trading on Monday. 110,607 shares of the stock traded hands. The firm’s market cap is $7.55 million. Perpetual Energy has a 52 week low of $0.05 and a 52 week high of $1.28. The company’s 50-day moving average is $0.22 and its 200-day moving average is $0.63.
PMT has been the subject of a number of research analyst reports. RBC Capital dropped their price target on shares of Perpetual Energy from C$1.25 to C$1.00 and set a “sector perform” rating for the company in a research note on Friday, September 18th. CIBC dropped their price target on shares of Perpetual Energy from C$0.75 to C$0.35 in a research note on Wednesday, September 23rd. Scotiabank decreased their price objective on shares of Perpetual Energy from C$1.00 to C$0.75 in a report on Tuesday, September 29th. National Bank Financial decreased their price objective on shares of Perpetual Energy from C$0.85 to C$0.30 and set a “sector perform” rating for the company in a report on Thursday, November 26th. Finally, TD Securities decreased their price objective on shares of Perpetual Energy from C$0.50 to C$0.20 and set a “reduce” rating for the company in a report on Friday, November 27th.
Perpetual Energy Inc. (TSE:PMT) is a Canada-based oil and natural gas energy company. Perpetual is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. Perpetual has liquids-rich natural gas assets in the deep basin of west central Alberta, heavy oil production in eastern Alberta, oil sands leases in northern Alberta and an interest in a gas storage facility. In the west central area, the company owns and operates both vertical, multi-zone commingled wells and horizontal wells producing liquids-rich gas from the Wilrich formation. The Company’s focus in the Mannville area has been on the exploration and development of cretaceous-aged conventional heavy oil pools. Perpetual has positioned itself with 333,419 net acres (98.4% undeveloped) of oil sands leases geographically synergistic with seven of its shallow gas operating areas in northeast Alberta, as well as a small project area on the Peace River Arch.