Perpetual Energy (TSE:PMT) Stock Price Up 22%

Perpetual Energy Inc. (TSE:PMT)’s stock price was up 22% on Wednesday . The stock traded as high as C$0.53 and last traded at C$0.50. Approximately 133,000 shares were traded during mid-day trading, an increase of 433% from the average daily volume of 24,974 shares. The stock had previously closed at C$0.41.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut shares of Perpetual Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

Perpetual Energy Stock Performance

The stock has a market cap of C$33.75 million, a PE ratio of -1.79 and a beta of 3.27. The company has a debt-to-equity ratio of 39.29, a current ratio of 0.92 and a quick ratio of 0.40. The firm has a 50 day moving average of C$0.48 and a two-hundred day moving average of C$0.46.

Perpetual Energy (TSE:PMT) last announced its earnings results on Tuesday, May 7th. The company reported C($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.01. The firm had revenue of C$8.89 million during the quarter, compared to analysts’ expectations of C$9.20 million. Perpetual Energy had a negative return on equity of 17.56% and a negative net margin of 40.15%. Research analysts predict that Perpetual Energy Inc. will post 0.0471442 EPS for the current fiscal year.

Perpetual Energy Company Profile

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