Linda Lee Mckean Sells 26,420 Shares of Perpetual Energy Inc. (TSE:PMT) Stock

Perpetual Energy Inc. (TSE:PMT – Get Rating) Senior Officer Linda Lee Mckean sold 26,420 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of C$1.59, for a total value of C$41,875.70. Following the completion of the transaction, the insider now owns 990,200 shares of the company’s stock, valued at C$1,569,467.

Shares of Perpetual Energy stock traded down C$0.17 during midday trading on Thursday, hitting C$1.36. The company had a trading volume of 550,600 shares, compared to its average volume of 126,701. The company has a debt-to-equity ratio of 72.94, a quick ratio of 0.57 and a current ratio of 0.59. The stock has a market capitalization of C$86.36 million and a P/E ratio of 1.15. The company has a 50 day moving average of C$1.19 and a 200 day moving average of C$0.87. Perpetual Energy Inc. has a 52-week low of C$0.22 and a 52-week high of C$1.95.

Perpetual Energy (TSE:PMT – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported C$0.10 EPS for the quarter, beating the consensus estimate of C$0.08 by C$0.02. The business had revenue of C$24.95 million for the quarter. Equities research analysts forecast that Perpetual Energy Inc. will post -0.22 EPS for the current year.

A number of research firms have recently weighed in on PMT. Stifel Nicolaus raised Perpetual Energy to a “buy” rating and set a C$2.00 target price for the company in a research note on Monday, May 9th. Stifel Firstegy upgraded Perpetual Energy from a “hold” rating to a “buy” rating in a report on Friday, May 6th.

Perpetual Energy Company Profile (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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