TD Securities Boosts Perpetual Energy Inc. (PMT) Price Target to C$1.65
Perpetual Energy Inc. (TSE:PMT) had its price target hoisted by equities research analysts at TD Securities from C$1.35 to C$1.65 in a research report issued on Tuesday, November 14th. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 57.14% from the stock’s current price.
Separately, GMP Securities boosted their price objective on shares of Perpetual Energy from C$2.05 to C$2.10 in a report on Monday, November 13th.
Shares of Perpetual Energy (TSE:PMT) traded up C$0.01 during trading hours on Tuesday, hitting C$1.05. 13,200 shares of the stock traded hands, compared to its average volume of 32,662. Perpetual Energy has a 12 month low of C$1.00 and a 12 month high of C$2.44.
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About Perpetual Energy
Perpetual Energy Inc (Perpetual) is a Canada-based oil and natural gas exploration and production company. The Company is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. Perpetual’s business consists of operations in Alberta focused on exploring and developing the natural gas and NGL resource opportunities in the deep basin in west central Alberta; the exploration for and extraction of heavy oil in eastern Alberta; the development and production of shallow natural gas from mature producing regions in eastern Alberta; bitumen opportunities in northeast Alberta, and interest in a commercial gas storage business through the operation and ownership in a gas storage facility at Warwick in east central Alberta.
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