Petrus Resources - PRQ Stock Forecast, Price & News

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. The company focuses on risk-managed exploration. It primarily explores for natural gas, natural gas liquids, and crude oil and condensate. In addition, the company primarily holds an average 51% working interest in the Ferrier/Strachan area comprise 43,159 net acres, which include 29,219 net acres of undeveloped and 13,940 net acres of developed land located in west central Alberta near the town of Rocky Mountain House, Alberta. Further, it holds an average of 64% working interest in the Thorsby/Pembina area consisting of 69,042 net acres of land covering 22,135 net acres of undeveloped land and 46,907 net acres of developed land located in the southwest of Edmonton, Alberta; and an average of 50% working interest in the Foothills area that consists of 30,748 net acres of undeveloped land and 6,687 net acres of developed land located northwest of Rocky Mountain House, Alberta. Petrus Resources Ltd. was incorporated in 2015 and is headquartered in Calgary, Canada.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus increased their price target on Petrus Resources from C$3.00 to C$3.50 in a research note on Monday, July 4th.

Petrus Resources Price Performance

Shares of PRQ Stock traded down C$0.04 during midday trading on Monday, reaching C$1.79. 44,766 shares of the company were exchanged, compared to its average volume of 191,948. The company's 50 day moving average price is C$2.25 and its two-hundred day moving average price is C$2.04. The company has a market cap of C$217.84 million and a P/E ratio of 1.00. Petrus Resources has a 12 month low of C$0.41 and a 12 month high of C$3.42. The company has a debt-to-equity ratio of 27.76, a quick ratio of 0.26 and a current ratio of 0.26.

Petrus Resources (TSE:PRQ - Get Rating) last announced its earnings results on Wednesday, May 11th. The company reported C$0.11 EPS for the quarter, topping the consensus estimate of C$0.07 by C$0.04. The firm had revenue of C$32.94 million for the quarter. On average, sell-side analysts expect that Petrus Resources will post -0.01 earnings per share for the current year.

Insider Transactions at Petrus Resources

In other news, insider Glen William Gray bought 20,000 shares of the firm's stock in a transaction that occurred on Thursday, June 23rd. The stock was acquired at an average price of C$2.13 per share, with a total value of C$42,600.00. Following the completion of the purchase, the insider now directly owns 25,570,395 shares of the company's stock, valued at approximately C$54,464,941.35. In related news, Director Kenneth Graham Gray acquired 18,500 shares of the business's stock in a transaction dated Thursday, June 23rd. The stock was bought at an average price of C$2.15 per share, for a total transaction of C$39,682.50. Following the transaction, the director now owns 654,974 shares of the company's stock, valued at C$1,404,919.23. Also, insider Glen William Gray bought 20,000 shares of the firm's stock in a transaction that occurred on Thursday, June 23rd. The stock was bought at an average price of C$2.13 per share, for a total transaction of C$42,600.00. Following the completion of the acquisition, the insider now directly owns 25,570,395 shares in the company, valued at C$54,464,941.35.