Stifel Canada downgraded shares of Petrus Resources (TSE:PRQ – Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday morning, Zacks.com reports.
Separately, Stifel Nicolaus lowered shares of Petrus Resources from a buy rating to a hold rating and decreased their target price for the stock from C$1.75 to C$1.50 in a research report on Tuesday.
Petrus Resources Stock Performance
Petrus Resources (TSE:PRQ – Get Free Report) last announced its earnings results on Tuesday, March 26th. The company reported C$0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.30. Petrus Resources had a net margin of 40.86% and a return on equity of 17.44%. The firm had revenue of C$26.75 million for the quarter. Equities research analysts predict that Petrus Resources will post 0.079403 earnings per share for the current year.
Petrus Resources Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date of this dividend is Friday, April 12th. Petrus Resources’s dividend payout ratio (DPR) is presently 44.44%.
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.
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