Equities Analysts Set Expectations for Petrus Resources Ltd’s Q3 2017 Earnings (PRQ)
Petrus Resources Ltd (TSE:PRQ) – Investment analysts at Cormark cut their Q3 2017 EPS estimates for shares of Petrus Resources in a research report issued on Thursday. Cormark analyst G. Ursu now anticipates that the company will earn ($0.06) per share for the quarter, down from their prior estimate of ($0.01). Cormark also issued estimates for Petrus Resources’ FY2018 earnings at $0.00 EPS and FY2019 earnings at $0.07 EPS.
Several other equities analysts also recently weighed in on PRQ. Raymond James Financial, Inc. increased their target price on Petrus Resources from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a research report on Thursday, October 5th. Royal Bank Of Canada increased their target price on Petrus Resources from C$3.25 to C$3.50 and gave the stock an “outperform” rating in a research report on Thursday, October 5th. Finally, National Bank Financial assumed coverage on Petrus Resources in a research report on Wednesday, June 14th. They set an “outperform” rating and a C$3.00 target price on the stock.
Shares of Petrus Resources (PRQ) opened at 2.68 on Monday. The company has a 50-day moving average of $2.58 and a 200 day moving average of $2.58. Petrus Resources has a one year low of $1.75 and a one year high of $3.43. The stock’s market capitalization is $132.46 million.
In other Petrus Resources news, Director Don Gray bought 199,200 shares of Petrus Resources stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of C$2.49 per share, for a total transaction of C$496,008.00. Insiders have purchased 741,600 shares of company stock worth $1,717,884 over the last quarter.
Petrus Resources Company Profile
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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