Perpetual Energy (TSE:PMT) target price raised to $2.50, reported today by RBC Capital Markets
- Updated: September 29, 2016
Boasting a price of $2.06, Perpetual Energy (TSE:PMT) traded 0.00% even on the day. With the last stock price close up 19.85% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Perpetual Energy has recorded a 50-day average of $1.92 and a two hundred day average of $1.72. Volume of trade was down over the average, with 32,642 shares of PMT changing hands under the typical 52,997
Perpetual Energy (TSE:PMT) had its target price upped to $2.50 by RBC Capital Markets in an issued report issued 9/29/2016. The updated price target implies a possible upside of 0.21% from the company's most recent stock price close.
On Wednesday September 28, 2016, TD Securities released a statement for Perpetual Energy (TSE:PMT) bumped down the target price from $2.00 to $1.65 that suggested a downside of -0.13%.
With a total market value of $0, Perpetual Energy has with a one year low of $0.60 and a one year high of $16.00 .
A total of 6 equity analysts have released a ratings update on PMT. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, five equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $1.33.
Brief Synopsis About Perpetual Energy (TSE:PMT)
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. In the West Central area, it owns and operates both commingled wells and horizontal wells producing liquids-rich gas from the Wilrich formation. Its Mannville heavy oil property is located east of Edmonton.
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