Gary C. Jackson Sells 16,999 Shares of Perpetual Energy Inc. (PMT) Stock

Perpetual Energy Inc. (TSE:PMT) insider Gary C. Jackson sold 16,999 shares of Perpetual Energy stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of C$1.55, for a total transaction of C$26,348.45.

Shares of Perpetual Energy Inc. (TSE:PMT) traded up 1.30% on Thursday, reaching $1.56. 16,495 shares of the company were exchanged. The company has a 50-day moving average price of $1.60 and a 200 day moving average price of $1.86. The stock has a market capitalization of $83.34 million and a PE ratio of 0.79. Perpetual Energy Inc. has a 1-year low of $1.10 and a 1-year high of $2.50.

Insider Buying and Selling by Quarter for Perpetual Energy (TSE:PMT)

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PMT has been the subject of a number of research reports. GMP Securities cut shares of Perpetual Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$3.00 to C$2.50 in a report on Monday, February 13th. TD Securities dropped their price objective on shares of Perpetual Energy from C$2.50 to C$2.00 and set a “hold” rating for the company in a report on Friday, March 17th. Scotiabank lifted their price target on shares of Perpetual Energy from C$2.00 to C$2.25 and gave the stock a “sector perform” rating in a research note on Monday, March 27th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a C$2.50 price target on shares of Perpetual Energy in a research note on Tuesday, February 21st.

Perpetual Energy Company Profile

Perpetual Energy Inc (Perpetual) is a Canada-based oil and natural gas exploration and production company. The Company is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. Perpetual’s business consists of operations in Alberta focused on exploring and developing the natural gas and NGL resource opportunities in the deep basin in west central Alberta; the exploration for and extraction of heavy oil in eastern Alberta; the development and production of shallow natural gas from mature producing regions in eastern Alberta; bitumen opportunities in northeast Alberta, and interest in a commercial gas storage business through the operation and ownership in a gas storage facility at Warwick in east central Alberta.

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