Kenneth Graham Gray Acquires 10,000 Shares of Petrus Resources (TSE:PRQ) Stock

Petrus Resources Ltd. (TSE:PRQ) Director Kenneth Graham Gray bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average price of C$1.63 per share, with a total value of C$16,300.00. Following the completion of the purchase, the director directly owned 3,213,952 shares of the company’s stock, valued at approximately C$5,238,741.76. The trade was a 0.31% increase in their position.

Petrus Resources Trading Down 1.8%

TSE:PRQ traded down C$0.03 during mid-day trading on Wednesday, reaching C$1.62. The company’s stock had a trading volume of 41,878 shares, compared to its average volume of 102,269. The company’s fifty day simple moving average is C$1.82 and its two-hundred day simple moving average is C$1.86. The company has a debt-to-equity ratio of 25.22, a current ratio of 0.23 and a quick ratio of 0.48. Petrus Resources Ltd. has a twelve month low of C$1.32 and a twelve month high of C$2.30. The stock has a market cap of C$238.70 million, a P/E ratio of 23.25 and a beta of 0.29.

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

Petrus Resources Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a $0.01 dividend. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Tuesday, June 16th.

Analysts Set New Price Targets

Separately, Haywood Securities set a C$2.40 price target on shares of Petrus Resources and gave the stock a “buy” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$2.40.

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.