TD Securities’ Take on This Canadian Energy Company

Perpetual Energy (TSX: PMT), the Materials sector company was revisited on October 10, yet the Wall Street analyst remains currently on the sidelines. Analyst Aaron Bilkoski from TD Securities rated Perpetual Energy (TSX: PMT) a Hold on October 10, setting a C$0.40 price target.

According to, Bilkoski ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -9.8% and a 34.8% success rate. Bilkoski covers the Basic Materials sector, focusing on stocks such as BlackPearl Resources Inc, Freehold Royalties Ltd, and Pengrowth Energy Corp.

Read also: Direxion Daily Jr Gld Mnrs (JNUG): Gold Stocks Recovering

Currently, the analyst consensus on Perpetual Energy is a Hold with an average price target of C$0.55.

Perpetual Energy’s market cap is currently C$18.11M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.12.

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 Thursday at C$0.30, close to its 52-week low of C$0.28.

From Our Partners