Stifel Nicolaus downgraded shares of Petrus Resources (TSE:PRQ – Free Report) from a buy rating to a hold rating in a report issued on Tuesday, BayStreet.CA reports. The firm currently has C$1.50 price target on the stock, down from their prior price target of C$1.75.
Petrus Resources Stock Performance
TSE:PRQ opened at C$1.33 on Tuesday. The company has a market capitalization of C$164.75 million, a price-to-earnings ratio of 4.93 and a beta of 3.21. The company has a debt-to-equity ratio of 15.78, a current ratio of 0.50 and a quick ratio of 0.48. Petrus Resources has a 1-year low of C$1.11 and a 1-year high of C$1.81. The business has a 50 day moving average of C$1.33 and a 200 day moving average of C$1.32.
Petrus Resources (TSE:PRQ – Get Free Report) last issued its earnings results on Tuesday, March 26th. The company reported C$0.32 EPS for the quarter, topping the consensus estimate of C$0.02 by C$0.30. Petrus Resources had a net margin of 40.86% and a return on equity of 17.44%. The company had revenue of C$26.75 million for the quarter. On average, sell-side analysts predict that Petrus Resources will post 0.079403 earnings per share for the current fiscal year.
Petrus Resources Dividend Announcement
About Petrus Resources
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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