Petrus Resources (TSE:PRQ) Stock Crosses Above 50-Day Moving Average of $1.35

Petrus Resources Ltd. (TSE:PRQ) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.35 and traded as high as C$1.35. Petrus Resources shares last traded at C$1.35, with a volume of 25,278 shares changing hands.

Wall Street Analyst Weigh In

PRQ has been the topic of several recent research reports. Stifel Nicolaus cut shares of Petrus Resources from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$1.75 to C$1.50 in a research note 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 Stock Up 0.7 %

The company has a market capitalization of C$167.68 million, a price-to-earnings ratio of 6.14 and a beta of 3.18. The company has a quick ratio of 0.48, a current ratio of 0.34 and a debt-to-equity ratio of 19.32. The business has a 50-day moving average price of C$1.35 and a 200-day moving average price of C$1.32.

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

Petrus Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be given a $0.01 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.12 annualized dividend and a dividend yield of 8.89%. Petrus Resources’s dividend payout ratio (DPR) is presently 54.55%.

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.