Stifel Canada lowered shares of Petrus Resources (TSE:PRQ – Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday, Zacks.com reports.
Separately, Stifel Nicolaus downgraded Petrus Resources from a buy rating to a hold rating and decreased their price target for the stock from C$1.75 to C$1.50 in a report on Tuesday.
View Our Latest Stock Report on Petrus Resources
Petrus Resources Price Performance
Petrus Resources (TSE:PRQ – Get Free Report) last announced its quarterly earnings results on Tuesday, March 26th. The company reported C$0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.02 by C$0.30. Petrus Resources had a return on equity of 17.44% and a net margin of 40.86%. The business had revenue of C$26.75 million during the quarter. Sell-side analysts forecast that Petrus Resources will post 0.079403 EPS for the current fiscal year.
Petrus Resources Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.12 annualized dividend and a yield of 9.02%. Petrus Resources’s dividend payout ratio (DPR) is currently 44.44%.
Petrus Resources Company Profile
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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