Perpetual Energy (TSE:PMT) Shares Pass Above 200-Day Moving Average of $0.47

Perpetual Energy Inc. (TSE:PMT)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.47 and traded as high as C$0.54. Perpetual Energy shares last traded at C$0.53, with a volume of 8,220 shares trading hands.

Analyst Ratings Changes

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

Perpetual Energy Price Performance

The business’s 50 day moving average is C$0.48 and its two-hundred day moving average is C$0.47. The firm has a market cap of C$36.91 million, a P/E ratio of 1.77 and a beta of 3.22. The company has a quick ratio of 0.40, a current ratio of 1.57 and a debt-to-equity ratio of 33.00.

Perpetual Energy (TSE:PMT) last announced its earnings results on Monday, March 25th. The company reported C$0.09 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.11. Perpetual Energy had a net margin of 10.53% and a return on equity of 4.75%. The business had revenue of C$12.77 million during the quarter. As a group, analysts anticipate that Perpetual Energy Inc. will post 0.0203443 earnings per share for the current year.

About Perpetual Energy

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.