Petrus Resources (TSE:PRQ) Issues Earnings Results

Petrus Resources (TSE:PRQ) issued its quarterly earnings data on Thursday. The company reported C$0.06 earnings per share (EPS) for the quarter, FiscalAI reports. 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$32.63 million during the quarter.

Petrus Resources Trading Up 1.1%

Shares of PRQ traded up C$0.02 during mid-day trading on Friday, reaching C$1.78. 90,270 shares of the company were exchanged, compared to its average volume of 92,259. The business has a 50 day simple moving average of C$1.71 and a two-hundred day simple moving average of C$1.82. 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 stock has a market capitalization of C$264.30 million, a PE ratio of 23.25 and a beta of 0.26. Petrus Resources has a 52 week low of C$1.43 and a 52 week high of C$2.30.

Petrus Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 28th will be given a dividend of $0.01 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Monday, August 17th.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Petrus Resources news, Director Donald Gordon Cormack sold 24,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of C$1.66, for a total transaction of C$39,840.00. Following the completion of the sale, the director owned 620 shares of the company’s stock, valued at approximately C$1,029.20. This represents a 97.48% decrease in their position. Insiders purchased 37,500 shares of company stock valued at $61,396 in the last quarter. Corporate insiders own 75.21% of the company’s stock.

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.