Royal Bank Of Canada reiterated their sector perform rating on shares of Perpetual Energy Inc. (TSE:PMT) in a research note published on Thursday morning, StockTargetPrices.com reports. The brokerage currently has a C$2.50 price target on the stock.
Several other analysts have also recently weighed in on PMT. Scotiabank reiterated an underperform rating and issued a C$1.75 price target on shares of Perpetual Energy in a report on Friday, August 5th. TD Securities dropped their target price on shares of Perpetual Energy from C$2.00 to C$1.65 and set a reduce rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Perpetual Energy currently has an average rating of Hold and a consensus price target of C$1.53.
Perpetual Energy (TSE:PMT) remained flat at $2.06 during midday trading on Thursday. 32,642 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $1.92 and its 200 day moving average price is $1.72. The company’s market cap is $107.53 million. Perpetual Energy has a 12 month low of $0.60 and a 12 month high of $16.00.
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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