Petrus Resources (TSE:PRQ) had its price objective trimmed by Royal Bank of Canada from C$2.75 to C$2.25 in a research report released on Friday morning. The brokerage currently has an outperform rating on the stock.

Separately, National Bank Financial decreased their price objective on Petrus Resources from C$3.00 to C$2.25 and set an outperform rating on the stock in a report on Monday, December 18th.

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Shares of Petrus Resources (TSE PRQ) opened at C$1.25 on Friday. The stock has a market capitalization of $61.78 and a P/E ratio of -1.09. Petrus Resources has a twelve month low of C$1.04 and a twelve month high of C$2.82.

In related news, Director Don Gray bought 100,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were purchased at an average price of C$1.55 per share, with a total value of C$155,000.00.

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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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