Insider Selling: Petrus Resources Ltd. (TSE:PRQ) Director Sells 10,000 Shares of Stock

Petrus Resources Ltd. (TSE:PRQ - Get Free Report) Director Kenneth Graham Gray sold 10,000 shares of the company's stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$1.38, for a total value of C$13,800.00.

Petrus Resources Stock Up 3.6 %

Petrus Resources stock traded up C$0.05 during midday trading on Monday, reaching C$1.42. The company's stock had a trading volume of 124,523 shares, compared to its average volume of 55,933. The stock's 50-day simple moving average is C$1.35 and its 200-day simple moving average is C$1.31. The company has a debt-to-equity ratio of 15.78, a current ratio of 0.50 and a quick ratio of 0.48. Petrus Resources Ltd. has a 52-week low of C$1.11 and a 52-week high of C$1.81. The stock has a market capitalization of C$176.46 million, a P/E ratio of 3.55 and a beta of 3.20.

Petrus Resources (TSE:PRQ - Get Free Report) last released its quarterly earnings results on Tuesday, March 26th. The company reported C$0.32 EPS for the quarter, beating analysts' consensus estimates of C$0.02 by C$0.30. The company had revenue of C$26.75 million during the quarter. Petrus Resources had a return on equity of 17.44% and a net margin of 46.82%. On average, sell-side analysts expect that Petrus Resources Ltd. will post 0.0700051 EPS for the current year.

Petrus Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 31st will be issued a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.45%. The ex-dividend date is Tuesday, May 14th. Petrus Resources's dividend payout ratio is presently 30.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PRQ shares. Stifel Nicolaus cut Petrus Resources from a "buy" rating to a "hold" rating and decreased their price objective for the stock from C$1.75 to C$1.50 in a research note on Tuesday, April 23rd. Stifel Canada cut Petrus Resources from a "buy" rating to a "hold" rating in a research note on Monday, April 22nd.

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.