Perpetual Energy (TSE:PMT) had its price target reduced by TD Securities from C$0.40 to C$0.30 in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 36.36% from the stock’s previous close.
Separately, Royal Bank of Canada lifted their price target on Perpetual Energy from C$0.75 to C$0.80 and gave the company a “sector perform” rating in a report on Tuesday, August 7th.
Shares of PMT stock traded up C$0.01 on Friday, reaching C$0.22. 54,000 shares of the company’s stock traded hands, compared to its average volume of 41,159. Perpetual Energy has a 12-month low of C$0.19 and a 12-month high of C$1.21. The company has a current ratio of 0.61, a quick ratio of 0.10 and a debt-to-equity ratio of 88.52.
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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