Stifel Nicolaus Increases Petrus Resources (TSE:PRQ) Price Target to C$3.25

Petrus Resources (TSE:PRQGet Rating) had its price objective increased by Stifel Nicolaus from C$3.00 to C$3.25 in a research note released on Tuesday morning, BayStreet.CA reports.

Petrus Resources Stock Performance

Petrus Resources stock opened at C$2.10 on Tuesday. The company has a market cap of C$256.28 million and a PE ratio of 1.07. The company has a fifty day moving average price of C$1.90 and a two-hundred day moving average price of C$2.11. The company has a debt-to-equity ratio of 8.43, a current ratio of 1.00 and a quick ratio of 0.89. Petrus Resources has a 12 month low of C$0.70 and a 12 month high of C$3.42.

Petrus Resources (TSE:PRQGet Rating) last posted its quarterly earnings data on Wednesday, August 10th. The company reported C$0.15 earnings per share for the quarter, topping the consensus estimate of C$0.11 by C$0.04. The company had revenue of C$42.12 million during the quarter. Research analysts expect that Petrus Resources will post -0.01 earnings per share for the current year.

Insider Activity at Petrus Resources

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

About Petrus Resources

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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.

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