Several other equities analysts have also recently commented on the stock. Royal Bank Of Canada upped their target price on shares of Perpetual Energy from C$1.50 to C$2.50 in a research note on Thursday, July 14th. Scotiabank reiterated an underperform rating and set a C$1.75 target price on shares of Perpetual Energy in a research note on Friday, August 5th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average rating of Hold and an average target price of C$1.53.
Shares of Perpetual Energy (TSE:PMT) opened at 2.07 on Wednesday. The company has a 50-day moving average of $1.92 and a 200 day moving average of $1.73. Perpetual Energy has a 12 month low of $0.60 and a 12 month high of $16.00. The company’s market capitalization is $108.05 million.
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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