Perpetual Energy Inc. (PMT) Insider Jeff Green Sells 75,581 Shares

Perpetual Energy Inc. (TSE:PMT) insider Jeff Green sold 75,581 shares of the company’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of C$0.63, for a total transaction of C$47,616.03.

Shares of Perpetual Energy Inc. (TSE:PMT) traded down C$0.01 during trading on Tuesday, hitting C$0.63. 52,000 shares of the stock were exchanged, compared to its average volume of 52,879. The firm has a market cap of $40.60, a price-to-earnings ratio of -0.98 and a beta of 0.90. Perpetual Energy Inc. has a 1-year low of C$0.60 and a 1-year high of C$1.87.

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Perpetual Energy (TSE:PMT) last issued its earnings results on Friday, February 23rd. The company reported C$0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.02. The business had revenue of C$23.81 million for the quarter. Perpetual Energy had a negative net margin of 44.06% and a negative return on equity of 19.13%.

A number of equities research analysts have recently issued reports on the stock. TD Securities cut their target price on shares of Perpetual Energy from C$1.40 to C$1.00 and set a “hold” rating on the stock in a research note on Thursday, February 8th. Royal Bank of Canada cut their target price on shares of Perpetual Energy from C$1.50 to C$1.25 and set a “sector perform” rating on the stock in a research note on Monday, February 26th.

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About Perpetual Energy

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.

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

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