Perpetual Energy (PMT) Price Target Cut to C$0.30 by Analysts at TD Securities

Perpetual Energy (TSE:PMT) had its price objective cut by TD Securities from C$0.40 to C$0.30 in a research note issued to investors on Friday morning. They currently have a hold rating on the stock.

Separately, Royal Bank of Canada lowered their target price on shares of Perpetual Energy from C$0.70 to C$0.50 and set a sector perform rating on the stock in a report on Friday.

PMT stock remained flat at $C$0.22 during midday trading on Friday. 54,000 shares of the company’s stock were exchanged, compared to its average volume of 41,159. The company has a current ratio of 0.61, a quick ratio of 0.10 and a debt-to-equity ratio of 88.52. Perpetual Energy has a 1-year low of C$0.19 and a 1-year 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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