Petrus Resources (TSE:PRQ) Director Acquires C$16,000.00 in Stock

Petrus Resources Ltd. (TSE:PRQ) Director Kenneth Graham Gray bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were purchased at an average cost of C$1.60 per share, with a total value of C$16,000.00. Following the purchase, the director directly owned 3,243,952 shares of the company’s stock, valued at approximately C$5,190,323.20. This represents a 0.31% increase in their ownership of the stock.

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 purchased at an average cost of C$1.63 per share, for a total transaction of C$16,300.00.

Petrus Resources Price Performance

Shares of Petrus Resources stock opened at C$1.67 on Friday. Petrus Resources Ltd. has a 52 week low of C$1.35 and a 52 week high of C$2.30. The company has a current ratio of 0.23, a quick ratio of 0.48 and a debt-to-equity ratio of 25.22. The stock has a market cap of C$246.07 million, a PE ratio of 23.25 and a beta of 0.29. The company’s 50-day moving average price is C$1.78 and its two-hundred day moving average price is C$1.84.

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

Petrus Resources Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.01 dividend. The ex-dividend date was Tuesday, June 16th. This represents a c) annualized dividend and a yield of 7.2%.

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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Petrus Resources has a consensus rating of “Buy” and an average 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.