Petrus Resources (TSE:PRQ) PT Set at C$2.40 by Haywood Securities

Petrus Resources (TSE:PRQ) received a C$2.40 target price from equities researchers at Haywood Securities in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Haywood Securities’ target price suggests a potential upside of 31.87% from the stock’s previous close.

Petrus Resources Price Performance

PRQ stock remained flat at C$1.82 during midday trading on Friday. 55,436 shares of the company traded hands, compared to its average volume of 111,299. The firm has a market capitalization of C$268.32 million, a price-to-earnings ratio of 23.25 and a beta of 0.44. The company has a debt-to-equity ratio of 25.22, a quick ratio of 0.48 and a current ratio of 0.23. The company’s fifty day moving average is C$1.93 and its two-hundred day moving average is C$1.86. Petrus Resources has a 52 week low of C$1.25 and a 52 week high of C$2.30.

Petrus Resources (TSE:PRQ) last announced its earnings results on Wednesday, May 6th. The company reported C($0.10) earnings per share for the quarter. The business had revenue of C$25.28 million for the quarter. Petrus Resources had a negative return on equity of 0.27% and a negative net margin of 0.95%. On average, research analysts predict that Petrus Resources will post 0.2131148 earnings per share for the current year.

Petrus Resources Company Profile

Petrus Resources Ltd is a company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company’s core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.