Petrus Resources Ltd. Plans Monthly Dividend of $0.01 (TSE:PRQ)

Petrus Resources Ltd. (TSE:PRQ) declared a monthly dividend on Monday, April 29th, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.01 per share on Friday, May 31st. This represents a $0.12 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date of this dividend is Tuesday, May 14th.

Petrus Resources Trading Down 0.7 %

PRQ stock traded down C$0.01 during trading on Wednesday, reaching C$1.36. The company had a trading volume of 177 shares, compared to its average volume of 54,818. Petrus Resources has a 52 week low of C$1.11 and a 52 week high of C$1.81. The company has a market cap of C$169.01 million, a P/E ratio of 3.43 and a beta of 3.20. The business has a 50 day moving average of C$1.34 and a 200 day moving average of C$1.32. 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 (TSE:PRQ) last announced its earnings results on Tuesday, March 26th. The company reported C$0.32 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.30. Petrus Resources had a net margin of 46.82% and a return on equity of 17.44%. The business had revenue of C$26.75 million during the quarter. As a group, sell-side analysts forecast that Petrus Resources will post 0.0700051 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PRQ has been the subject of a number of analyst reports. Stifel Nicolaus downgraded shares of Petrus Resources from a “buy” rating to a “hold” rating and decreased their target price for the company from C$1.75 to C$1.50 in a research note on Tuesday, April 23rd. Stifel Canada cut shares of Petrus Resources from a “buy” rating to a “hold” rating in a report on Monday, April 22nd.

Petrus Resources Company Profile

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.