Perpetual Energy (PMT) Trading 5.6% Higher

Perpetual Energy Inc. (TSE:PMT) shares traded up 5.6% during mid-day trading on Wednesday . The company traded as high as C$0.78 and last traded at C$0.75. 11,719 shares were traded during trading, a decline of 82% from the average session volume of 63,909 shares. The stock had previously closed at C$0.71.

A number of research analysts have issued reports on the company. TD Securities reduced their price target on 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. GMP Securities boosted their price target on Perpetual Energy from C$2.05 to C$2.10 in a research report on Monday, November 13th.

The stock has a market capitalization of $44.78, a PE ratio of -4.41 and a beta of 1.04.

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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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