Petrus Resources (PRQ) PT Lowered to C$2.25 at National Bank Financial

Petrus Resources (TSE:PRQ) had its price target cut by equities research analysts at National Bank Financial from C$3.00 to C$2.25 in a research note issued to investors on Monday, December 18th. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 31.58% from the company’s current price.

Other analysts have also issued reports about the stock. Royal Bank of Canada upped their price objective on shares of Petrus Resources from C$3.25 to C$3.50 and gave the company an “outperform” rating in a research note on Thursday, October 5th. Raymond James Financial upped their price objective on shares of Petrus Resources from C$3.00 to C$3.50 and gave the company an “outperform” rating in a research note on Thursday, October 5th.

Petrus Resources (PRQ) remained flat at $C$1.71 during mid-day trading on Monday. 22,700 shares of the stock were exchanged, compared to its average volume of 30,461. Petrus Resources has a 12-month low of C$1.46 and a 12-month high of C$3.08. The company has a market capitalization of $84.52 and a PE ratio of -1.49.

In other news, Director Don Gray acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of C$1.55 per share, for a total transaction of C$155,000.00.

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About Petrus Resources

Petrus Resources Ltd. is an oil and gas company. The Company focuses on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company has production and growth opportunities in approximately three areas within the province of Alberta, including Ferrier, Central Alberta and the central Rocky Mountain foothills region.

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