BMO Capital Markets Upgrades Perpetual Energy to “Outperform” (PMT)
Perpetual Energy (TSE:PMT) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday. The firm currently has a C$2.75 target price on the stock, up from their previous target price of C$2.00. BMO Capital Markets’ price target points to a potential upside of 24.43% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at FirstEnergy Capital raised their price target on shares of Perpetual Energy from C$2.25 to C$3.00 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities upgraded shares of Perpetual Energy from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. They now have a C$3.00 price target on the stock, up previously from C$2.00. Finally, analysts at RBC Capital upgraded shares of Perpetual Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, June 27th. They now have a C$2.50 price target on the stock, up previously from C$2.00. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Perpetual Energy presently has an average rating of “Buy” and a consensus target price of C$2.41.
Shares of Perpetual Energy (TSE:PMT) traded up 1.81% during mid-day trading on Wednesday, hitting $2.25. The stock had a trading volume of 355,365 shares. Perpetual Energy has a 52-week low of $0.94 and a 52-week high of $2.30. The stock has a 50-day moving average of $1.73 and a 200-day moving average of $1.46. The company’s market cap is $334.7 million.
Perpetual Energy (TSE:PMT) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the 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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