Perpetual Energy (TSX: PMT), the Materials sector company, has received a rating update from a Wall Street analyst on August 3. Analyst Aaron Bilkoski from TD Securities remains neutral on the stock and has a C$0.80 price target.
According to TipRanks.com, Bilkoski is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.2% and a 42.3% success rate. Bilkoski covers the Basic Materials sector, focusing on stocks such as Range Resources Corp, Antero Resources, and Cabot Oil & Gas.
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The word on The Street in general, suggests a Hold analyst consensus rating for Perpetual Energy with a C$0.83 average price target, which is a 27.7% upside from current levels. In a report issued on August 3, RBC Capital also reiterated a Hold rating on the stock with a C$0.80 price target.
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The company has a one-year high of C$1.45 and a one-year low of C$0.46. Currently, Perpetual Energy has an average volume of 27.84K.
Perpetual Energy, Inc. engages in the exploration, production, and distribution of oil and gas-based energy. Its portfolio includes natural gas assets in the deep basin of west central Alberta, heavy oil and shallow natural gas in eastern Alberta, and undeveloped oil sands leases in northern Alberta.
The company’s shares closed on Friday at C$0.65.
