Perpetual Energy (PMT) Price Target Cut to C$0.50 by Analysts at Royal Bank of Canada

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Perpetual Energy (TSE:PMT) had its price objective decreased by Royal Bank of Canada from C$0.70 to C$0.50 in a research report report published on Friday. Royal Bank of Canada currently has a sector perform rating on the stock.

Separately, TD Securities raised their target price on Perpetual Energy from C$0.75 to C$0.80 and gave the stock a hold rating in a research report on Tuesday, August 7th.

TSE:PMT remained flat at $C$0.22 during trading hours on Friday. The company had a trading volume of 54,000 shares, compared to its average volume of 41,159. The company has a debt-to-equity ratio of 88.52, a current ratio of 0.61 and a quick ratio of 0.10. Perpetual Energy has a twelve month low of C$0.19 and a twelve month high of C$1.21.

Perpetual Energy Company Profile

Perpetual Energy Inc engages in the exploration, development, and marketing of oil and natural gas based energy in Canada. It produces heavy oil, liquids-rich natural gas, shallow gas, and bitumen. The company has liquids-rich natural gas assets in the deep basin of west central Alberta; heavy oil and shallow natural gas assets in eastern Alberta; and undeveloped oil sands leases in northern Alberta.

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