Petrus Resources Ltd. (TSE:PRQ) Director Kenneth Graham Gray Sells 18,600 Shares

Petrus Resources Ltd. (TSE:PRQGet Free Report) Director Kenneth Graham Gray sold 18,600 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of C$1.40, for a total value of C$26,040.00.

Kenneth Graham Gray also recently made the following trade(s):

  • On Wednesday, June 26th, Kenneth Graham Gray sold 1,300 shares of Petrus Resources stock. The shares were sold at an average price of C$1.40, for a total transaction of C$1,820.00.
  • On Monday, June 24th, Kenneth Graham Gray sold 2,600 shares of Petrus Resources stock. The stock was sold at an average price of C$1.40, for a total transaction of C$3,640.00.
  • On Friday, June 7th, Kenneth Graham Gray sold 9,900 shares of Petrus Resources stock. The shares were sold at an average price of C$1.32, for a total transaction of C$13,068.00.
  • On Friday, May 10th, Kenneth Graham Gray sold 10,000 shares of Petrus Resources stock. The stock was sold at an average price of C$1.38, for a total transaction of C$13,800.00.

Petrus Resources Stock Performance

Shares of PRQ opened at C$1.39 on Thursday. Petrus Resources Ltd. has a 1 year low of C$1.11 and a 1 year high of C$1.81. The company has a debt-to-equity ratio of 19.32, a current ratio of 0.34 and a quick ratio of 0.48. The stock’s fifty day moving average price is C$1.36 and its two-hundred day moving average price is C$1.33. The firm has a market cap of C$172.65 million, a PE ratio of 6.32 and a beta of 3.18.

Petrus Resources (TSE:PRQGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The firm had revenue of C$28.04 million during the quarter. Petrus Resources had a net margin of 29.10% and a return on equity of 9.51%. On average, equities research analysts forecast that Petrus Resources Ltd. will post 0.2056632 EPS for the current year.

Petrus Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date is Wednesday, July 17th. Petrus Resources’s payout ratio is currently 54.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Canada downgraded Petrus Resources from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. Stifel Nicolaus downgraded Petrus Resources from a “buy” rating to a “hold” rating and cut their target price for the stock from C$1.75 to C$1.50 in a research note on Tuesday, April 23rd.

Read Our Latest Stock Analysis on PRQ

Petrus Resources Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Petrus Resources (TSE:PRQ)

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