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

Petrus Resources (TSE:PRQ) has been assigned a C$2.40 target price by investment analysts at Haywood Securities in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Haywood Securities’ target price points to a potential upside of 31.87% from the company’s previous close.

Petrus Resources Price Performance

PRQ remained flat at C$1.82 on Friday. The company’s stock had a trading volume of 55,436 shares, compared to its average volume of 111,299. The firm’s fifty day moving average is C$1.93 and its 200-day moving average is C$1.86. Petrus Resources has a 12 month low of C$1.25 and a 12 month high of C$2.30. The company has a quick ratio of 0.48, a current ratio of 0.23 and a debt-to-equity ratio of 25.22. The stock has a market capitalization of C$268.32 million, a price-to-earnings ratio of 23.25 and a beta of 0.44.

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