Petrus Resources (TSE:PRQ) Director Donald Gordon Cormack Purchases 29,382 Shares

Petrus Resources Ltd. (TSE:PRQ) Director Donald Gordon Cormack bought 29,382 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were bought at an average cost of C$1.82 per share, for a total transaction of C$53,475.24. Following the purchase, the director owned 30,002 shares of the company’s stock, valued at approximately C$54,603.64. The trade was a 4,739.03% increase in their position.

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 value of C$39,840.00.

Petrus Resources Trading Up 2.2%

TSE PRQ opened at C$1.85 on Friday. The company has a market cap of C$274.70 million, a price-to-earnings ratio of -92.50 and a beta of 0.26. Petrus Resources Ltd. has a twelve month low of C$1.43 and a twelve month 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 business’s fifty day moving average is C$1.72 and its 200 day moving average is C$1.82.

Petrus Resources (TSE:PRQ) last issued its earnings results on Thursday, August 6th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$32.63 million during the quarter. Petrus Resources had a negative return on equity of 0.66% and a negative net margin of 1.99%. As a group, sell-side 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. Stockholders of record on Friday, August 28th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 6.5%. Petrus Resources’s dividend payout ratio is currently -600.00%.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target 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.