Perpetual Energy (TSE:PMT) had its target price decreased by equities research analysts at Royal Bank of Canada from C$1.50 to C$1.25 in a note issued to investors on Monday, February 26th. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 81.16% from the company’s current price.
Other equities analysts have also issued research reports about the stock. GMP Securities increased their target price on shares of Perpetual Energy from C$2.05 to C$2.10 in a research report on Monday, November 13th. TD Securities cut their target price on shares of Perpetual Energy from C$1.40 to C$1.00 and set a “hold” rating for the company in a research report on Thursday, February 8th.
Perpetual Energy (TSE PMT) opened at C$0.69 on Monday. The firm has a market cap of $40.60, a PE ratio of -1.10 and a beta of 0.90. Perpetual Energy has a 1 year low of C$0.61 and a 1 year high of C$1.87.
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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