Petrus Resources (PRQ) Given “Outperform” Rating at Raymond James

Raymond James reissued their outperform rating on shares of Petrus Resources (TSE:PRQ) in a report released on Tuesday. The firm currently has a C$1.25 price objective on the stock.

A number of other analysts also recently weighed in on PRQ. National Bank Financial decreased their price objective on Petrus Resources from C$1.50 to C$1.40 and set an outperform rating for the company in a report on Friday, October 5th. CIBC decreased their price target on Petrus Resources from C$1.25 to C$1.15 in a report on Friday, October 5th. Cormark decreased their price target on Petrus Resources from C$2.50 to C$2.25 in a report on Tuesday, October 9th. Finally, Royal Bank of Canada decreased their price target on Petrus Resources from C$1.50 to C$1.00 in a report on Tuesday.

TSE PRQ opened at C$0.69 on Tuesday. Petrus Resources has a twelve month low of C$0.44 and a twelve month high of C$1.81. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 102.91.

Petrus Resources (TSE:PRQ) last posted its quarterly earnings data on Thursday, November 8th. The company reported C($0.16) earnings per share for the quarter. The company had revenue of C$20.03 million during the quarter. On average, sell-side analysts predict that Petrus Resources will post -0.04 EPS for the current year.

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.

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