Perpetual Energy (TSE:PMT) Share Price Passes Above 200-Day Moving Average of $0.46

Perpetual Energy Inc. (TSE:PMT)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.46 and traded as high as C$0.53. Perpetual Energy shares last traded at C$0.53, with a volume of 28,500 shares traded.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut shares of Perpetual Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

Perpetual Energy Stock Down 1.9 %

The company has a quick ratio of 0.40, a current ratio of 1.57 and a debt-to-equity ratio of 33.00. The company has a market cap of C$35.56 million, a PE ratio of 1.71 and a beta of 3.22. The company’s fifty day moving average is C$0.49 and its 200-day moving average is C$0.46.

Perpetual Energy (TSE:PMT) last released its quarterly earnings results on Monday, March 25th. The company reported C$0.09 earnings per share for the quarter, beating the consensus estimate of C($0.02) by C$0.11. Perpetual Energy had a return on equity of 4.75% and a net margin of 10.53%. The firm had revenue of C$12.77 million for the quarter. On average, analysts predict that Perpetual Energy Inc. will post 0.0203443 EPS for the current year.

Perpetual Energy Company Profile

Perpetual Energy Inc engages in the exploration, production, and marketing of oil and natural gas in Canada. The company's portfolio of assets includes liquids-rich natural gas assets located in deep basin of west central Alberta; and undeveloped bitumen leases located in Northern Alberta. Perpetual Energy Inc is headquartered in Calgary, Canada.