TD Securities Trims Perpetual Energy (PMT) Target Price to C$0.30

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.

About Perpetual Energy

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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