Perpetual Energy (TSE:PMT) Price Target Cut to C$0.30

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 (TSE:PMT) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C($0.08) EPS for the quarter. The company had revenue of C$22.20 million for the quarter. As a group, equities research analysts expect that Perpetual Energy will post -0.28 earnings per share for the current year.

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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