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FY2023 Earnings Forecast for Perpetual Energy Inc. Issued By Stifel Firstegy (TSE:PMT)

Defense World ·  Jan 30, 2023 02:32

Perpetual Energy Inc. (TSE:PMT – Get Rating) – Equities researchers at Stifel Firstegy cut their FY2023 earnings per share (EPS) estimates for Perpetual Energy in a report released on Thursday, January 26th. Stifel Firstegy analyst M. Dunn now forecasts that the company will post earnings of $0.05 per share for the year, down from their prior forecast of $0.08. Stifel Firstegy currently has a "Hold" rating on the stock. The consensus estimate for Perpetual Energy's current full-year earnings is ($0.22) per share.

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Perpetual Energy (TSE:PMT – Get Rating) last issued its quarterly earnings data on Monday, November 7th. The company reported C$0.11 earnings per share (EPS) for the quarter. The firm had revenue of C$22.86 million for the quarter.

Separately, Stifel Nicolaus set a C$0.70 price objective on Perpetual Energy and gave the stock a "hold" rating in a report on Friday, January 13th.

Perpetual Energy Trading Down 5.3 %

Shares of TSE:PMT opened at C$0.71 on Monday. Perpetual Energy has a 12-month low of C$0.59 and a 12-month high of C$1.95. The stock has a market cap of C$46.81 million and a PE ratio of 2.03. The business has a 50 day moving average of C$0.75 and a 200-day moving average of C$0.92. The company has a quick ratio of 0.40, a current ratio of 0.50 and a debt-to-equity ratio of 52.45.

Perpetual Energy Company Profile

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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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