Scotiabank Analysts Give Perpetual Energy Inc. (PMT) a C$2.00 Price Target

Perpetual Energy Inc. (TSE:PMT) has been given a C$2.00 price objective by stock analysts at Scotiabank in a research report issued on Monday. The firm presently has an “underperform” rating on the stock. Scotiabank’s target price points to a potential upside of 9.89% from the stock’s previous close.

PMT has been the topic of several other research reports. RBC Capital Markets raised their price target on Perpetual Energy from C$2.00 to C$2.50 in a report on Monday, December 12th. TD Securities raised Perpetual Energy from a “reduce” rating to a “hold” rating and raised their price target for the company from C$1.70 to C$2.25 in a report on Monday, December 12th. Royal Bank Of Canada decreased their price objective on Perpetual Energy from C$2.50 to C$2.00 and set a “sector perform” rating on the stock in a report on Thursday, November 10th. Finally, GMP Securities cut Perpetual Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$3.00 to C$2.50 in a report on Monday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$2.11.

Analyst Recommendations for Perpetual Energy (TSE:PMT)

Perpetual Energy (TSE:PMT) traded up 1.10% during trading on Monday, hitting $1.84. 5,400 shares of the company traded hands. The firm’s market capitalization is $96.23 million. The stock has a 50-day moving average price of $2.12 and a 200-day moving average price of $1.97. Perpetual Energy has a 12-month low of $0.80 and a 12-month high of $2.50.

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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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