Perpetual Energy Inc. (TSE:PMT) Receives C$0.59 Average Price Target from Brokerages

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.

 

Latest News

Oracle Buying Textura at a Price of $663 Million
Oracle Buying Textura at a Price of $663 Million
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
Verizon Working With Authorities On Sabotage Incidents
Verizon Working With Authorities On Sabotage Incidents
UPS Profit Increases During First Quarter by 10%
UPS Profit Increases During First Quarter by 10%
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Boeing Profit Drops on Lag in Commercial Deliveries
Boeing Profit Drops on Lag in Commercial Deliveries


Leave a Reply

 
© 2006-2017 The Vista Voice. Subscribe