Perpetual Energy Inc. (TSE:PMT)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.85 and last traded at C$0.89, with a volume of 41550 shares traded. The stock had previously closed at C$0.90.
Several equities analysts have commented on the stock. TD Securities increased their target price on shares of Perpetual Energy from C$1.20 to C$1.35 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. GMP Securities raised their price target on Perpetual Energy from C$2.05 to C$2.10 in a research report on Monday, November 13th.
The stock has a market cap of $48.95, a PE ratio of -5.00 and a beta of 1.24.
In other Perpetual Energy news, insider William Mark Schweitzer purchased 100,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of C$1.12 per share, with a total value of C$112,000.00.
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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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