Stifel Nicolaus lowered shares of Petrus Resources (TSE:PRQ - Free Report) from a buy rating to a hold rating in a research note published on Tuesday morning, BayStreet.CA reports. They currently have C$1.50 target price on the stock, down from their previous target price of C$1.75.
Petrus Resources Price Performance
Shares of Petrus Resources stock traded up C$0.01 on Tuesday, reaching C$1.30. 171,948 shares of the stock were exchanged, compared to its average volume of 54,842. The firm's 50 day moving average is C$1.33 and its 200-day moving average is C$1.32. Petrus Resources has a one year low of C$1.11 and a one year high of C$1.81. The company has a debt-to-equity ratio of 15.78, a quick ratio of 0.48 and a current ratio of 0.50. The firm has a market cap of C$161.03 million, a PE ratio of 4.81 and a beta of 3.21.
Petrus Resources (TSE:PRQ - Get Free Report) last issued its quarterly earnings results on Tuesday, March 26th. The company reported C$0.32 earnings per share for the quarter, topping analysts' consensus estimates of C$0.02 by C$0.30. Petrus Resources had a net margin of 40.86% and a return on equity of 17.44%. The company had revenue of C$26.75 million during the quarter. As a group, analysts anticipate that Petrus Resources will post 0.079403 EPS for the current fiscal year.
Petrus Resources Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th will be paid a $0.01 dividend. This represents a $0.12 annualized dividend and a yield of 9.23%. The ex-dividend date of this dividend is Friday, April 12th. Petrus Resources's payout ratio is 44.44%.
Petrus Resources Company Profile
(
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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.
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