Perpetual Energy Inc. (PMT) Insider Sells C$15,298.87 in Stock

Perpetual Energy Inc. (TSE:PMT) insider Marcello Rapini sold 9,161 shares of the company’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of C$1.67, for a total value of C$15,298.87.

Perpetual Energy Inc. (TSE:PMT) remained flat at $1.67 during mid-day trading on Monday. 16,480 shares of the company’s stock traded hands. The firm has a 50 day moving average of $1.75 and a 200 day moving average of $1.91. The firm’s market capitalization is $87.34 million. Perpetual Energy Inc. has a 1-year low of $1.00 and a 1-year high of $2.50.

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A number of analysts recently commented on PMT shares. GMP Securities lowered Perpetual Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$3.00 to C$2.50 in a research note on Monday, February 13th. Royal Bank of Canada increased their price objective on Perpetual Energy from C$2.00 to C$2.50 in a research note on Monday, December 12th. Scotiabank increased their price objective on Perpetual Energy from C$1.75 to C$2.00 and gave the company an “underperform” rating in a research note on Wednesday, December 21st. Finally, TD Securities reaffirmed a “hold” rating and set a C$2.50 price objective on shares of Perpetual Energy in a research note on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of C$2.00.

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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