Perpetual Energy (TSE:PMT) Stock Price Passes Above 200-Day Moving Average of $0.46

Perpetual Energy Inc. (TSE:PMT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.46 and traded as high as C$0.53. Perpetual Energy shares last traded at C$0.53, with a volume of 28,500 shares traded.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut shares of Perpetual Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

Perpetual Energy Trading Down 1.9 %

The company has a current ratio of 1.57, a quick ratio of 0.40 and a debt-to-equity ratio of 33.00. The company has a market capitalization of C$35.56 million, a price-to-earnings ratio of 1.71 and a beta of 3.22. The firm has a 50-day moving average price of C$0.49 and a 200-day moving average price of C$0.46.

Perpetual Energy (TSE:PMT) last released its earnings results on Monday, March 25th. The company reported C$0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.11. Perpetual Energy had a return on equity of 4.75% and a net margin of 10.53%. The firm had revenue of C$12.77 million for the quarter. As a group, sell-side analysts predict that Perpetual Energy Inc. will post 0.0203443 EPS for the current year.

About Perpetual Energy

Perpetual Energy Inc engages in the exploration, production, and marketing of oil and natural gas in Canada. The company's portfolio of assets includes liquids-rich natural gas assets located in deep basin of west central Alberta; and undeveloped bitumen leases located in Northern Alberta. Perpetual Energy Inc is headquartered in Calgary, Canada.