Perpetual Energy Inc. (PMT) PT Lowered to C$1.65 at TD Securities
Perpetual Energy Inc. (TSE:PMT) had its price objective reduced by TD Securities from C$2.00 to C$1.65 in a research report released on Wednesday morning. They currently have a reduce rating on the stock.
PMT has been the topic of a number of other reports. Scotiabank reaffirmed an underperform rating and set a C$1.75 target price on shares of Perpetual Energy in a research report on Friday, August 5th. Royal Bank Of Canada raised their target price on shares of Perpetual Energy from C$1.50 to C$2.50 in a research report on Thursday, July 14th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Perpetual Energy currently has an average rating of Hold and a consensus price target of C$1.53.
Shares of Perpetual Energy (TSE:PMT) opened at 2.08 on Wednesday. The firm’s 50-day moving average price is $1.92 and its 200 day moving average price is $1.74. The company’s market capitalization is $108.58 million. Perpetual Energy has a 52-week low of $0.60 and a 52-week high of $16.00.
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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