Petrus Resources (TSE:PRQ) had its target price cut by research analysts at Raymond James from C$1.50 to C$1.25 in a report released on Monday. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 60.26% from the stock’s previous close.

PRQ has been the subject of several other research reports. CIBC lowered their target price on shares of Petrus Resources from C$1.25 to C$1.15 in a research note on Friday, October 5th. Cormark lowered their target price on shares of Petrus Resources from C$2.50 to C$2.25 in a research note on Tuesday, October 9th. Royal Bank of Canada lowered their target price on shares of Petrus Resources from C$2.25 to C$1.50 and set an “outperform” rating for the company in a research note on Friday, August 10th. Finally, National Bank Financial reaffirmed an “outperform” rating and set a C$1.50 target price on shares of Petrus Resources in a research note on Friday, August 10th.

Shares of PRQ stock opened at C$0.78 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 98.51. Petrus Resources has a 1-year low of C$0.70 and a 1-year high of C$2.48.

In other Petrus Resources news, Director Don Gray purchased 25,000 shares of Petrus Resources stock in a transaction dated Wednesday, August 22nd. The shares were acquired at an average price of C$1.05 per share, with a total value of C$26,250.00. Insiders have bought 113,600 shares of company stock worth $113,538 in the last three months.

About Petrus Resources

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. The company primarily explores for natural gas, natural gas liquids, and crude oil. It primarily holds an average 55% working interest in the Ferrier/Strachan area, which comprises 46,202 net acres of land located in west central Alberta.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Receive News & Ratings for Petrus Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrus Resources and related companies with MarketBeat.com's FREE daily email newsletter.