Petrus Resources Ltd. (TSE:PRQ – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$1.91 and traded as low as C$1.73. Petrus Resources shares last traded at C$1.75, with a volume of 76,442 shares.
Wall Street Analyst Weigh In
Separately, Haywood Securities set a C$2.40 price target on shares of Petrus Resources and gave the stock a “buy” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$2.40.
Check Out Our Latest Analysis on PRQ
Petrus Resources Price Performance
Petrus Resources (TSE:PRQ – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported C($0.10) earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts expect that Petrus Resources Ltd. will post 0.2131148 earnings per share for the current year.
Petrus Resources Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 6.8%.
Petrus Resources Company Profile
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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