Brokers Issue Forecasts for Petrus Resources Ltd.’s FY2023 Earnings (TSE:PRQ)

Petrus Resources Ltd. (TSE:PRQGet Rating) – Equities research analysts at Stifel Firstegy increased their FY2023 EPS estimates for shares of Petrus Resources in a research note issued on Thursday, April 21st. Stifel Firstegy analyst C. Kwong now forecasts that the company will post earnings per share of $0.52 for the year, up from their prior forecast of $0.51.

Petrus Resources (TSE:PRQGet Rating) last released its quarterly earnings results on Thursday, March 3rd. The company reported C$0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.08. The company had revenue of C$25.07 million during the quarter.

Separately, Stifel Nicolaus upgraded Petrus Resources to a “buy” rating and set a C$2.15 price target for the company in a research report on Friday, January 28th.

Shares of TSE PRQ opened at C$1.96 on Monday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 34.79. The business’s 50 day moving average is C$1.87 and its two-hundred day moving average is C$1.29. Petrus Resources has a 52-week low of C$0.41 and a 52-week high of C$2.72. The firm has a market cap of C$219.07 million and a price-to-earnings ratio of 1.11.

About Petrus Resources (Get Rating)

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. It primarily explores for natural gas, natural gas liquids, and crude oil and condensate. 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.

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