Petrus Resources (TSE:PRQ) Cut to Hold at Stifel Canada

Stifel Canada cut shares of Petrus Resources (TSE:PRQ - Free Report) from a buy rating to a hold rating in a research report released on Monday morning, Zacks.com reports.

Separately, Stifel Nicolaus downgraded Petrus Resources from a buy rating to a hold rating and cut their price target for the company from C$1.75 to C$1.50 in a research note on Tuesday.

Petrus Resources Trading Up 2.3 %

PRQ stock traded up C$0.03 during trading on Monday, hitting C$1.33. The company had a trading volume of 183,065 shares, compared to its average volume of 56,445. The stock has a market cap of C$164.75 million, a price-to-earnings ratio of 4.81 and a beta of 3.21. The company has a quick ratio of 0.48, a current ratio of 0.50 and a debt-to-equity ratio of 15.78. The firm has a 50-day moving average price of C$1.33 and a 200-day moving average price of C$1.32. Petrus Resources has a 12 month low of C$1.11 and a 12 month high of C$1.81.

Petrus Resources (TSE:PRQ - Get Free Report) last posted its quarterly earnings results on Tuesday, March 26th. The company reported C$0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.02 by C$0.30. The business had revenue of C$26.75 million for the quarter. Petrus Resources had a return on equity of 17.44% and a net margin of 40.86%. As a group, analysts predict that Petrus Resources will post 0.079403 earnings per share for the current year.

Petrus Resources Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 30th will be paid a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date of this dividend is Friday, April 12th. Petrus Resources's payout ratio is currently 44.44%.

About Petrus Resources

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.