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

Petrus Resources Ltd. (TSE:PRQ) Director Kenneth Graham Gray acquired 10,000 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was acquired at an average price of C$1.60 per share, for a total transaction of C$16,000.00. Following the completion of the transaction, the director owned 3,243,952 shares in the company, valued at approximately C$5,190,323.20. The trade was a 0.31% increase in their position.

Kenneth Graham Gray also recently made the following trade(s):

• On Monday, June 22nd, Kenneth Graham Gray bought 10,000 shares of Petrus Resources stock. The shares were acquired at an average cost of C$1.63 per share, for a total transaction of C$16,300.00.

Petrus Resources Trading Up 1.9%

Shares of Petrus Resources stock traded up C$0.03 during midday trading on Tuesday, reaching C$1.65. 39,572 shares of the company’s stock traded hands, compared to its average volume of 101,468. The stock has a 50 day moving average of C$1.79 and a 200-day moving average of C$1.85. Petrus Resources Ltd. has a 12 month low of C$1.32 and a 12 month high of C$2.30. The company has a market cap of C$243.12 million, a PE ratio of 23.25 and a beta of 0.29. The company has a debt-to-equity ratio of 25.22, a quick ratio of 0.48 and a current ratio of 0.23.

Petrus Resources (TSE:PRQ) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C($0.10) earnings per share (EPS) for the quarter. Petrus Resources had a negative net margin of 0.95% and a negative return on equity of 0.27%. The company had revenue of C$25.28 million for the quarter. As a group, equities analysts expect that Petrus Resources Ltd. will post 0.2131148 EPS for the current fiscal year.

Petrus Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Analysts Set New Price Targets

Separately, Haywood Securities set a C$2.40 price objective on Petrus Resources and gave the company a “buy” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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.