Perpetual Energy Upgraded by RBC Capital to “Outperform” (PMT)
Perpetual Energy (TSE:PMT) was upgraded by equities researchers at RBC Capital to an “outperform” rating in a research report issued on Friday. The firm currently has a C$2.50 price objective on the stock, up from their previous price objective of C$2.00. RBC Capital’s price objective points to a potential upside of 27.55% from the stock’s previous close.
A number of other analysts have also recently weighed in on PMT. Analysts at TD Securities raised their price target on shares of Perpetual Energy from C$1.55 to C$2.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. Analysts at CIBC raised their price target on shares of Perpetual Energy from C$1.65 to C$2.00 in a research note on Tuesday, April 15th. They now have a “sector perform” rating on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$1.93.
Perpetual Energy (TSE:PMT) traded up 12.76% on Friday, hitting $2.21. The stock had a trading volume of 780,952 shares. Perpetual Energy has a one year low of $0.94 and a one year high of $1.90. The stock has a 50-day moving average of $1.68 and a 200-day moving average of $1.42. The company’s market cap is $328.7 million.
Perpetual Energy (TSE:PMT) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.16. On average, analysts predict that Perpetual Energy will post $-0.13 earnings per share for the current fiscal year.
Perpetual Energy Inc (TSE:PMT) is an oil and natural gas exploration and production company.
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