Out of 4 analysts covering Perpetual Energy (TSE:PMT), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. $1.60 is the highest target while $0.20 is the lowest. The $0.80 average target is -58.55% below today’s ($1.93) stock price. Perpetual Energy has been the topic of 13 analyst reports since September 18, 2015 according to StockzIntelligence Inc. Below is a list of Perpetual Energy Inc. (TSE:PMT) latest ratings and price target changes.
30/05/2016 Broker: TD Securities Rating: Hold Old Target: $1.30 New Target: $1.60 Target Up
12/05/2016 Broker: TD Securities Rating: Hold Old Target: $1.50 New Target: $1.30 Target Down
12/05/2016 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $1.75 New Target: $1.50 Target Down
It is down 93.00% since February 5, 2016 and is uptrending. It has outperformed by 76.51% the S&P500.
Perpetual Energy Inc. is a Canada oil and natural gas exploration and production company. The company has a market cap of $103.45 million. The Firm is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. It currently has negative earnings. Perpetual’s business consists of activities 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.
The institutional sentiment increased to 1 in Q2 2016. Its up 0.07, from 0.93 in 2016Q1. The ratio improved, as 18 funds sold all Perpetual Energy Inc. shares owned while 49 reduced positions. 22 funds bought stakes while 45 increased positions. They now own 41.63 million shares or 5.68% less from 44.14 million shares in 2016Q1.
Greenwich Investment Management Inc. holds 9.13% of its portfolio in Perpetual Energy Inc. for 527,659 shares. Kazazian Asset Management Llc owns 119,089 shares or 3.24% of their US portfolio. Moreover, Seawolf Capital Llc has 2.56% invested in the company for 201,900 shares. The Virginia-based Yorktown Management & Research Co Inc has invested 1.76% in the stock. Entrustpermal Management Llc, a New York-based fund reported 152,500 shares.
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