Perpetual Energy (PMT) Reaches New 12-Month Low at $0.23

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Perpetual Energy Inc. (TSE:PMT)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.23 and last traded at C$0.23, with a volume of 8000 shares traded. The stock had previously closed at C$0.25.

Several equities analysts have recently commented on PMT shares. TD Securities increased their price target on shares of 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. Royal Bank of Canada increased their price target on shares of Perpetual Energy from C$0.75 to C$0.80 and gave the stock a “sector perform” rating in a research report on Tuesday, August 7th.

Perpetual Energy (TSE:PMT) last issued its quarterly earnings results on Thursday, August 2nd. The company reported C($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.07) by C$0.05. The firm had revenue of C$20.77 million for the quarter. Perpetual Energy had a negative net margin of 44.06% and a negative return on equity of 19.13%.

About Perpetual Energy (TSE:PMT)

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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