Stifel Firstegy reiterated their speculative buy rating on shares of Petrus Resources (TSE:PRQ) in a report published on Tuesday, Zacks.com reports.
A number of other analysts have also recently weighed in on the stock. CIBC lowered their price target on shares of Petrus Resources from C$0.50 to C$0.25 in a report on Tuesday, October 15th. National Bank Financial lowered their price target on shares of Petrus Resources from C$0.50 to C$0.40 and set an outperform rating on the stock in a report on Wednesday, November 13th. Finally, Raymond James set a C$0.35 price target on shares of Petrus Resources and gave the company a market perform rating in a report on Wednesday.
Shares of PRQ remained flat at $C$0.27 during midday trading on Tuesday. 23,000 shares of the stock traded hands, compared to its average volume of 13,092. The stock has a market capitalization of $13.36 million and a price-to-earnings ratio of -0.73. Petrus Resources has a 1-year low of C$0.16 and a 1-year high of C$0.60. The company’s 50-day moving average is C$0.25 and its 200 day moving average is C$0.24. The company has a current ratio of 0.11, a quick ratio of 0.09 and a debt-to-equity ratio of 114.61.
Petrus Resources (TSE:PRQ) last issued its earnings results on Wednesday, November 13th. The company reported C($0.60) earnings per share (EPS) for the quarter. The business had revenue of C$12.52 million for the quarter. As a group, sell-side analysts predict that Petrus Resources will post -0.81 earnings per share 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. It primarily explores for natural gas, natural gas liquids, and crude oil. The company holds 55% working interest in Ferrier/Strachan Area, which include 31,767 net acres of undeveloped land and 13,216 net acres of developed land located in west central Alberta near the town of Rocky Mountain House, Alberta.
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