Petrus Resources Ltd. (TSE:PRQ) Director Don Gray Purchases 20,900 Shares of Stock

Posted by Defense World Staff on Jun 21st, 2024

Petrus Resources Ltd. (TSE:PRQ – Get Free Report) Director Don Gray bought 20,900 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were bought at an average cost of C$1.32 per share, with a total value of C$27,588.00.

Petrus Resources Price Performance

Shares of TSE PRQ opened at C$1.31 on Friday. The firm has a 50-day simple moving average of C$1.35 and a 200-day simple moving average of C$1.32. 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 stock has a market capitalization of C$162.72 million, a price-to-earnings ratio of 5.95 and a beta of 3.18. Petrus Resources Ltd. has a 52 week low of C$1.11 and a 52 week high of C$1.81.

Petrus Resources (TSE:PRQ – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of C$28.04 million for the quarter. On average, equities analysts predict that Petrus Resources Ltd. will post 0.2056632 earnings per share for the current fiscal year.

Petrus Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, June 17th. This represents a $0.12 dividend on an annualized basis and a yield of 9.16%. Petrus Resources’s payout ratio is 54.55%.

Analyst Ratings Changes

PRQ has been the subject of several research reports. Stifel Nicolaus lowered Petrus Resources from a “buy” rating to a “hold” rating and cut 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 Petrus Resources from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd.

View Our Latest Stock Analysis on PRQ

About Petrus Resources

(Get Free Report)

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.