Parallel Energy Trust (Parallel or the Trust) is a Canada-based distribution-paying energy income trust. The Trust's assets and operations are located in Texas and Oklahoma in the United States and its portfolio consists of mature, liquids-rich natural gas assets. The Trust's business strategy is focused on acquiring and developing long-life, conventional oil and natural gas assets. The Trust manages five operating areas located in Texas and Oklahoma. The Trust operates 100% of its Texas assets, which are located in the Carson, Hutchinson, Moore, Potter, Gray and Roberts counties and it holds a 30% non-operated interest in a Mississippian Lime play located in Garfield County, Oklahoma. The Trust's Carson, Sneed and Cargray operating areas are located in the Greater Panhandle/Hugoton Gas Field, a conventional gas field in North America.
Industry, Sector and Symbol:
- Trailing P/E Ratio: N/A
- P/E Growth: N/A
- Net Margins: -763.89%
- Return on Equity: -557.47%
- Return on Assets: -119.31%
Frequently Asked Questions for Parallel Energy Trust (TSE:PLT.UN)
What is Parallel Energy Trust's stock symbol?
Parallel Energy Trust trades on the Tornton Stock Exchange (TSX) under the ticker symbol "PLT.UN."
Who are some of Parallel Energy Trust's key competitors?
Some companies that are related to Parallel Energy Trust include Colliers International Group (CIG), Kirkland Lake Gold Ltd (NMI), Osisko Mining Corp (OBM), Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Enbridge (ENB), Canadian National Railway Company (CNR), Suncor Energy (SU), Bank of Montreal (BMO), TransCanada (TRP), BCE (BCE), Manulife Financial Corp. (MFC), Canadian Imperial Bank of Commerce (CM), Canadian Natural Resources Limited (CNQ), Thomson Reuters Corp (TRI), Great-West Lifeco (GWO) and Imperial Oil Ltd (IMO).
How do I buy Parallel Energy Trust stock?
MarketBeat Community Rating for Parallel Energy Trust (TSE PLT.UN)MarketBeat's community ratings are surveys of what our community members think about Parallel Energy Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Shares of Parallel Energy Trust and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
Consensus Ratings for Parallel Energy Trust (TSE:PLT.UN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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Analysts' Ratings History for Parallel Energy Trust (TSE:PLT.UN)
(Data available from 7/23/2015 forward)
|9/17/2015||Scotiabank||Reiterated Rating||Sector Underperform|
Earnings History for Parallel Energy Trust (TSE:PLT.UN)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Parallel Energy Trust (TSE:PLT.UN)
No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History by Quarter for Parallel Energy Trust (TSE PLT.UN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Parallel Energy Trust (TSE:PLT.UN)Insider Trades by Quarter for Parallel Energy Trust (TSE:PLT.UN)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|12/22/2014||Henry William Sykes||Director||Buy||5,000||C$0.81||C$4,050.00|
Headline Trends for Parallel Energy Trust (TSE:PLT.UN)
Latest Headlines for Parallel Energy Trust (TSE:PLT.UN)
Parallel Energy Trust (PLT.UN) Chart for Sunday, July, 23, 2017