Perpetual Energy (TSE:PMT) had its price target cut by GMP Securities from C$0.40 to C$0.30 in a report issued on Friday, June 28th, BayStreet.CA reports.
Separately, TD Securities cut their price objective on shares of Total Energy Services from C$11.50 to C$10.00 and set a hold rating on the stock in a research report on Friday, May 10th.
Shares of PMT stock remained flat at $C$0.22 on Friday. 13,000 shares of the stock traded hands, compared to its average volume of 29,116. Perpetual Energy has a one year low of C$0.17 and a one year high of C$0.68. The stock has a market capitalization of $13.21 million and a price-to-earnings ratio of -0.70. The company has a current ratio of 0.92, a quick ratio of 0.15 and a debt-to-equity ratio of 97.75. The business’s fifty day simple moving average is C$0.21.
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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