Petrus Resources (TSE:PRQ) Stock Price Passes Below Fifty Day Moving Average of $1.34

Petrus Resources Ltd. (TSE:PRQ - Get Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.34 and traded as low as C$1.33. Petrus Resources shares last traded at C$1.38, with a volume of 148,965 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PRQ. Stifel Canada cut shares of Petrus Resources from a "buy" rating to a "hold" rating in a research note on Monday, April 22nd. Stifel Nicolaus downgraded Petrus Resources from a "buy" rating to a "hold" rating and decreased their price target for the company from C$1.75 to C$1.50 in a research note on Tuesday, April 23rd.

Petrus Resources Price Performance

The company has a 50 day moving average of C$1.35 and a 200 day moving average of C$1.31. The stock has a market capitalization of C$172.74 million, a price-to-earnings ratio of 3.48 and a beta of 3.20. The company has a quick ratio of 0.48, a current ratio of 0.50 and a debt-to-equity ratio of 15.78.

Petrus Resources (TSE:PRQ - Get Free Report) last released its quarterly earnings data on Tuesday, March 26th. The company reported C$0.32 EPS for the quarter, topping analysts' consensus estimates of C$0.02 by C$0.30. Petrus Resources had a return on equity of 17.44% and a net margin of 46.82%. The business had revenue of C$26.75 million during the quarter. As a group, equities research analysts forecast that Petrus Resources Ltd. will post 0.0700051 EPS for the current fiscal year.

Petrus Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.12 annualized dividend and a yield of 8.63%. Petrus Resources's dividend payout ratio is currently 30.00%.

Petrus Resources Company Profile

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.