Petrus Resources (TSE:PRQ) Director Kenneth Graham Gray Buys 10,000 Shares of Stock

Petrus Resources Ltd. (TSE:PRQGet Free Report) Director Kenneth Graham Gray bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were bought at an average price of C$1.60 per share, with a total value of C$16,000.00. Following the completion of the acquisition, the director directly owned 3,243,952 shares in the company, valued at C$5,190,323.20. This trade represents a 0.31% increase in their ownership of the stock.

Kenneth Graham Gray also recently made the following trade(s):

  • On Monday, June 22nd, Kenneth Graham Gray purchased 10,000 shares of Petrus Resources stock. The stock was bought at an average cost of C$1.63 per share, for a total transaction of C$16,300.00.

Petrus Resources Price Performance

Shares of Petrus Resources stock opened at C$1.65 on Wednesday. The company has a debt-to-equity ratio of 25.22, a current ratio of 0.23 and a quick ratio of 0.48. Petrus Resources Ltd. has a one year low of C$1.32 and a one year high of C$2.30. The business’s 50 day simple moving average is C$1.79 and its two-hundred day simple moving average is C$1.85. The stock has a market capitalization of C$243.12 million, a P/E ratio of 23.25 and a beta of 0.29.

Petrus Resources (TSE:PRQGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported C($0.10) earnings per share for the quarter. Petrus Resources had a negative net margin of 0.95% and a negative return on equity of 0.27%. The company had revenue of C$25.28 million for the quarter. Analysts forecast that Petrus Resources Ltd. will post 0.2131148 EPS for the current year.

Petrus Resources Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.01 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Tuesday, June 16th.

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Petrus Resources presently has a consensus rating of “Buy” and a consensus target price of C$2.40.

Check Out Our Latest Stock Report on Petrus Resources

About Petrus Resources

(Get Free Report)

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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Insider Buying and Selling by Quarter for Petrus Resources (TSE:PRQ)

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