How Analysts Feel About Perpetual Energy Inc. After Today’s Huge Decline?

 How Analysts Feel About Perpetual Energy Inc. After Today's Huge Decline?

The stock of Perpetual Energy Inc. (TSE:PMT) is a huge mover today! About 33,682 shares traded hands. Perpetual Energy Inc. (TSE:PMT) has risen 81.03% since April 27, 2016 and is uptrending. It has outperformed by 75.11% the S&P500.
The move comes after 7 months negative chart setup for the $116.73 million company. It was reported on Dec, 1 by Barchart.com. We have $1.93 PT which if reached, will make TSE:PMT worth $7.00M less.

Perpetual Energy Inc. (TSE:PMT) Ratings Coverage

Out of 4 analysts covering Perpetual Energy (TSE:PMT), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. Perpetual Energy has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Perpetual Energy Inc. (TSE:PMT) earned “Reduce” rating by TD Securities on Tuesday, August 11. The stock of Perpetual Energy Inc. (TSE:PMT) has “Market Perform” rating given on Tuesday, August 11 by BMO Capital Markets. The firm earned “Sector Perform” rating on Friday, September 18 by RBC Capital Markets.

More recent Perpetual Energy Inc. (TSE:PMT) news were published by: Prnewswire.com which released: “Perpetual Energy Inc. Releases Third Quarter 2016 Financial and Operating Results” on November 08, 2016. Also Marketwatch.com published the news titled: “Perpetual Energy Inc. Provides Update on Rights Offering, Convertible …” on December 24, 2015. Business.Financialpost.com‘s news article titled: “Perpetual Energy Inc shares plunge as Alberta Securities Commission rules in …” with publication date: December 24, 2015 was also an interesting one.

Perpetual Energy Inc. is a Canada oil and natural gas exploration and production company. The company has a market cap of $116.73 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.

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