Petrus Resources (TSE:PRQ) Given a C$2.40 Price Target at Haywood Securities

Haywood Securities set a C$2.40 price target on Petrus Resources (TSE:PRQ – Free Report) in a research report report published on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Petrus Resources Price Performance

PRQ opened at C$1.82 on Friday. The company has a debt-to-equity ratio of 25.22, a quick ratio of 0.48 and a current ratio of 0.23. Petrus Resources has a fifty-two week low of C$1.25 and a fifty-two week high of C$2.30. The firm’s fifty day moving average is C$1.93 and its 200 day moving average is C$1.86. The stock has a market cap of C$268.17 million, a price-to-earnings ratio of 23.25 and a beta of 0.44.

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Petrus Resources (TSE:PRQ – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported C($0.10) earnings per share for the quarter. The firm had revenue of C$25.28 million for the quarter. Petrus Resources had a negative net margin of 0.95% and a negative return on equity of 0.27%. On average, sell-side analysts forecast that Petrus Resources will post 0.2131148 earnings per share for the current fiscal year.

Petrus Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be paid a $0.01 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 6.6%.

About Petrus Resources

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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.

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