Petrus Resources (TSE:PRQ) Stock Crosses Above 50 Day Moving Average of $1.36

Petrus Resources Ltd. (TSE:PRQ) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.36 and traded as high as C$1.36. Petrus Resources shares last traded at C$1.34, with a volume of 11,600 shares trading hands.

Analyst Ratings Changes

PRQ has been the topic of several research analyst reports. Stifel Nicolaus lowered shares of Petrus Resources from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$1.75 to C$1.50 in a research report on Tuesday, April 23rd. Stifel Canada lowered shares of Petrus Resources from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd.

Petrus Resources Trading Up 1.5 %

The business’s 50-day moving average is C$1.36 and its 200 day moving average is C$1.33. The firm has a market capitalization of C$166.44 million, a P/E ratio of 6.09 and a beta of 3.18. The company has a debt-to-equity ratio of 19.32, a current ratio of 0.34 and a quick ratio of 0.48.

Petrus Resources (TSE:PRQ) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). Petrus Resources had a net margin of 29.10% and a return on equity of 9.51%. The firm had revenue of C$28.04 million during the quarter. As a group, analysts anticipate that Petrus Resources Ltd. will post 0.2056632 EPS for the current fiscal year.

Petrus Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 31st will be paid a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date is Wednesday, July 17th. Petrus Resources’s dividend payout ratio is currently 54.55%.

Insider Activity at Petrus Resources

In related news, Director Kenneth Graham Gray sold 18,600 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of C$1.40, for a total value of C$26,040.00. In related news, Director Don Gray purchased 41,200 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were purchased at an average cost of C$1.32 per share, for a total transaction of C$54,384.00. Also, Director Kenneth Graham Gray sold 18,600 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of C$1.40, for a total value of C$26,040.00. In the last three months, insiders have bought 71,100 shares of company stock worth $94,392 and have sold 54,068 shares worth $74,612. 75.28% of the stock is currently owned by company insiders.

Petrus Resources Company Profile

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.