Stifel Nicolaus cut shares of Petrus Resources (TSE:PRQ – Free Report) from a buy rating to a hold rating in a report issued on Tuesday morning, BayStreet.CA reports. They currently have C$1.50 price objective on the stock, down from their prior price objective of C$1.75.
Petrus Resources Trading Up 0.8 %
Shares of TSE:PRQ opened at C$1.30 on Tuesday. The stock has a 50 day moving average of C$1.33 and a 200 day moving average of C$1.32. The company has a market cap of C$161.03 million, a PE ratio of 4.81 and a beta of 3.21. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 15.78. 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 announced its quarterly earnings data on Tuesday, March 26th. The company reported C$0.32 earnings per share (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 40.86%. As a group, equities research analysts expect that Petrus Resources will post 0.079403 EPS for the current year.
Petrus Resources Dividend Announcement
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.
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