Perpetual Energy (PMT) Shares Up 2.9%
Perpetual Energy Inc. (TSE:PMT) shares shot up 2.9% on Wednesday . The stock traded as high as C$0.75 and last traded at C$0.72. 33,680 shares changed hands during trading, a decline of 42% from the average session volume of 57,858 shares. The stock had previously closed at C$0.70.
Several brokerages have commented on PMT. TD Securities cut their target price on Perpetual Energy from C$1.40 to C$1.00 and set a “hold” rating for the company in a research note on Thursday. GMP Securities raised their target price on Perpetual Energy from C$2.05 to C$2.10 in a research note on Monday, November 13th.
The company has a market cap of $41.80, a P/E ratio of -3.76 and a beta of 1.04.
In related news, insider William Mark Schweitzer bought 100,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of C$1.12 per share, for a total transaction of C$112,000.00.
COPYRIGHT VIOLATION WARNING: “Perpetual Energy (PMT) Shares Up 2.9%” was reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2018/02/09/perpetual-energy-pmt-shares-up-2-9.html.
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.
Receive News & Ratings for Perpetual Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perpetual Energy and related companies with MarketBeat.com's FREE daily email newsletter.