Petrus Resources Ltd (TSE:PRQ) had its price target raised by analysts at Royal Bank Of Canada from C$3.25 to C$3.50 in a research note issued on Thursday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 29.63% from the stock’s current price.

Separately, National Bank Financial began coverage on shares of Petrus Resources in a research report on Wednesday, June 14th. They issued an “outperform” rating and a C$3.00 price objective on the stock.

Shares of Petrus Resources (PRQ) remained flat at $2.70 during midday trading on Thursday. The stock had a trading volume of 38,300 shares. The stock has a 50-day moving average of $2.57 and a 200 day moving average of $2.57. Petrus Resources has a one year low of $1.75 and a one year high of $3.43. The company’s market capitalization is $133.45 million.

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In other Petrus Resources news, Director Don Gray acquired 199,200 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average cost of C$2.49 per share, with a total value of C$496,008.00. Insiders bought a total of 741,600 shares of company stock worth $1,717,884 over the last ninety days.

About Petrus Resources

Petrus Resources Ltd. is an oil and gas company. The Company focuses on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company has production and growth opportunities in approximately three areas within the province of Alberta, including Ferrier, Central Alberta and the central Rocky Mountain foothills region.

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