Shares of Perpetual Energy Inc. (TSE:PMT) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.95 and last traded at C$1.03, with a volume of 34700 shares trading hands. The stock had previously closed at C$1.02.
A number of analysts have recently issued reports on the company. TD Securities raised their price objective on Perpetual Energy from C$1.20 to C$1.35 and gave the company a “hold” rating in a research report on Wednesday, November 8th. GMP Securities lifted their price target on Perpetual Energy from C$2.05 to C$2.10 in a report on Monday, November 13th.
The stock has a market cap of $59.69, a price-to-earnings ratio of -6.06 and a beta of 1.24.
In other news, insider William Mark Schweitzer purchased 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average cost of C$1.12 per share, with a total value of C$112,000.00.
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Perpetual Energy Company Profile
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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