Perpetual Energy - PMT Stock Forecast, Price & News

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

Wall Street Analysts Forecast Growth

PMT has been the subject of several analyst reports. Stifel Firstegy raised shares of Perpetual Energy from a "hold" rating to a "buy" rating in a research report on Friday, May 6th. Stifel Nicolaus decreased their price target on shares of Perpetual Energy from C$1.75 to C$1.50 in a research report on Thursday, August 4th.

Perpetual Energy Stock Down 8.4 %

Shares of PMT traded down C$0.09 during mid-day trading on Friday, hitting C$0.98. 212,058 shares of the company traded hands, compared to its average volume of 130,218. Perpetual Energy has a 1-year low of C$0.23 and a 1-year high of C$1.95. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 72.94. The company has a market capitalization of C$63.55 million and a PE ratio of 0.73. The business has a 50 day moving average of C$1.27 and a 200 day moving average of C$1.03.

Insider Activity

In other news, Senior Officer Jeff Green sold 71,500 shares of the company's stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of C$1.33, for a total transaction of C$94,737.50. Following the transaction, the insider now owns 570,962 shares in the company, valued at C$756,524.65. In related news, Senior Officer Linda Lee Mckean sold 26,420 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of C$1.59, for a total value of C$41,875.70. Following the transaction, the insider now owns 990,200 shares in the company, valued at approximately C$1,569,467. Also, Senior Officer Jeff Green sold 71,500 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of C$1.33, for a total transaction of C$94,737.50. Following the completion of the transaction, the insider now owns 570,962 shares in the company, valued at approximately C$756,524.65.