Perpetual Energy Inc. Forecasted to Post FY2022 Earnings of $0.53 Per Share (TSE:PMT)

Perpetual Energy Inc. (TSE:PMTGet Rating) – Research analysts at Stifel Firstegy cut their FY2022 earnings estimates for shares of Perpetual Energy in a note issued to investors on Thursday, May 19th. Stifel Firstegy analyst R. Fitzmartyn now forecasts that the company will post earnings of $0.53 per share for the year, down from their prior estimate of $0.55. Stifel Firstegy has a “Buy” rating on the stock.

Separately, Stifel Nicolaus upgraded shares of Perpetual Energy to a “buy” rating and set a C$2.00 target price on the stock in a research note on Monday, May 9th.

Shares of TSE PMT opened at C$1.27 on Monday. The firm’s 50-day moving average price is C$0.92 and its 200-day moving average price is C$0.76. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 72.94. The company has a market cap of C$80.65 million and a PE ratio of 1.02. Perpetual Energy has a 52-week low of C$0.20 and a 52-week high of C$1.34.

Perpetual Energy (TSE:PMTGet Rating) last issued its quarterly earnings results on Tuesday, March 15th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.04 by C$0.04. The business had revenue of C$21.45 million during the quarter.

About Perpetual Energy (Get Rating)

Perpetual Energy Inc engages in the exploration, production, and marketing of oil and natural gas in Canada. Its portfolio of assets includes liquids-rich natural gas assets located in deep basin of west central Alberta; heavy crude oil and shallow conventional natural gas assets in Eastern Alberta; and undeveloped bitumen leases located in Northern Alberta.

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