Donald Gordon Cormack Buys 29,382 Shares of Petrus Resources (TSE:PRQ) Stock

Petrus Resources Ltd. (TSE:PRQ) Director Donald Gordon Cormack acquired 29,382 shares of the stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of C$1.82 per share, with a total value of C$53,475.24. Following the transaction, the director directly owned 30,002 shares of the company’s stock, valued at C$54,603.64. This represents a 4,739.03% increase in their ownership of the stock.

Donald Gordon Cormack also recently made the following trade(s):

• On Monday, June 22nd, Donald Gordon Cormack sold 24,000 shares of Petrus Resources stock. The shares were sold at an average price of C$1.66, for a total transaction of C$39,840.00.

Petrus Resources Trading Up 2.2%

PRQ opened at C$1.85 on Friday. The firm’s 50 day moving average is C$1.72 and its 200-day moving average is C$1.82. Petrus Resources Ltd. has a 52-week low of C$1.43 and a 52-week high of C$2.30. The company has a quick ratio of 0.48, a current ratio of 0.45 and a debt-to-equity ratio of 20.95. The firm has a market capitalization of C$274.70 million, a P/E ratio of -92.50 and a beta of 0.26.

Petrus Resources (TSE:PRQ) last announced its earnings results on Thursday, August 6th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$32.63 million during the quarter. Petrus Resources had a negative net margin of 1.99% and a negative return on equity of 0.66%. Analysts expect that Petrus Resources Ltd. will post 0.2131148 EPS for the current fiscal year.

Petrus Resources Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 28th will be issued a $0.01 dividend. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 6.5%. Petrus Resources’s payout ratio is currently -600.00%.

Analysts Set New Price Targets

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

About Petrus Resources

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.