Petrus Resources (TSE:PRQ) Releases Earnings Results

Petrus Resources (TSE:PRQ) released its quarterly earnings results on Thursday. The company reported C$0.06 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$32.63 million for the quarter. Petrus Resources had a negative return on equity of 0.27% and a negative net margin of 0.95%.

Petrus Resources Price Performance

Shares of Petrus Resources stock opened at C$1.76 on Friday. The business’s fifty day moving average price is C$1.71 and its 200 day moving average price is C$1.82. The stock has a market capitalization of C$261.33 million, a P/E ratio of 23.25 and a beta of 0.26. The company has a current ratio of 0.23, a quick ratio of 0.48 and a debt-to-equity ratio of 25.22. Petrus Resources has a twelve month low of C$1.43 and a twelve month high of C$2.30.

Petrus Resources Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a c) annualized dividend and a yield of 6.8%.

Insider Transactions at Petrus Resources

In other news, Director Donald Gordon Cormack sold 24,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of C$1.66, for a total value of C$39,840.00. Following the transaction, the director owned 620 shares of the company’s stock, valued at approximately C$1,029.20. This trade represents a 97.48% decrease in their position. Over the last three months, insiders have purchased 37,500 shares of company stock worth $61,396. 75.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Haywood Securities set a C$2.40 price objective on shares of Petrus Resources and gave the company a “buy” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$2.40.

About Petrus Resources

Petrus Resources Ltd is a company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company’s core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.