Perpetual Energy (TSE:PMT) Share Price Passes Above 200-Day Moving Average of $0.46

Perpetual Energy Inc. (TSE:PMT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.46 and traded as high as C$0.48. Perpetual Energy shares last traded at C$0.48, with a volume of 500 shares changing hands.

Analyst Ratings Changes

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

Perpetual Energy Stock Performance

The company has a 50 day simple moving average of C$0.50 and a 200 day simple moving average of C$0.46. The company has a current ratio of 0.92, a quick ratio of 0.40 and a debt-to-equity ratio of 39.29. The stock has a market capitalization of C$32.40 million, a PE ratio of -1.71 and a beta of 3.27.

Perpetual Energy (TSE:PMT) last released its quarterly earnings results on Tuesday, May 7th. The company reported C($0.03) EPS for the quarter, topping the consensus estimate of C($0.04) by C$0.01. The business 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%. Analysts predict that Perpetual Energy Inc. will post 0.0471442 earnings per share 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.