Stifel Nicolaus Lowers Petrus Resources (TSE:PRQ) to Hold

Stifel Nicolaus lowered shares of Petrus Resources (TSE:PRQ) from a buy rating to a hold rating in a report released on Tuesday morning, BayStreet.CA reports. They currently have C$1.50 price objective on the stock, down from their previous price objective of C$1.75.

Petrus Resources Price Performance

Shares of TSE:PRQ opened at C$1.33 on Tuesday. The business has a fifty day simple moving average of C$1.33 and a 200-day simple moving average of C$1.32. Petrus Resources has a 52 week low of C$1.11 and a 52 week high of C$1.81. The company has a quick ratio of 0.48, a current ratio of 0.50 and a debt-to-equity ratio of 15.78. The company has a market cap of C$164.75 million, a P/E ratio of 4.93 and a beta of 3.21.

Petrus Resources (TSE:PRQ) last posted its quarterly earnings results on Tuesday, March 26th. The company reported C$0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.30. Petrus Resources had a return on equity of 17.44% and a net margin of 40.86%. The firm had revenue of C$26.75 million during the quarter. Equities research analysts forecast that Petrus Resources will post 0.079403 EPS for the current year.

Petrus Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date is Friday, April 12th. Petrus Resources’s dividend payout ratio (DPR) is presently 44.44%.

About Petrus Resources

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.