Petrus Resources (TSE:PRQ) Director Kenneth Graham Gray Acquires 10,000 Shares

Petrus Resources Ltd. (TSE:PRQGet Free Report) Director Kenneth Graham Gray purchased 10,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average price of C$1.63 per share, for a total transaction of C$16,300.00. Following the completion of the transaction, the director directly owned 3,213,952 shares of the company’s stock, valued at C$5,238,741.76. The trade was a 0.31% increase in their position.

Petrus Resources Stock Down 3.0%

PRQ stock opened at C$1.60 on Thursday. The company has a market cap of C$235.76 million, a price-to-earnings ratio of 23.25 and a beta of 0.29. The company has a current ratio of 0.23, a quick ratio of 0.48 and a debt-to-equity ratio of 25.22. Petrus Resources Ltd. has a 12 month low of C$1.32 and a 12 month high of C$2.30. The firm has a 50-day moving average of C$1.81 and a two-hundred day moving average of C$1.86.

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

Petrus Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

Wall Street Analyst Weigh In

Separately, Haywood Securities set a C$2.40 target price on Petrus Resources and gave the company a “buy” rating in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$2.40.

View Our Latest Research 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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