Petrus Resources Ltd. (TSE:PRQ) to Issue $0.01 Monthly Dividend

Petrus Resources Ltd. (TSE:PRQ) declared a monthly dividend on Monday, August 17th, TickerTech Dividends reports. Investors of record on Friday, August 28th will be given a dividend of 0.01 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Monday, August 17th.

Petrus Resources Stock Performance

TSE PRQ opened at C$1.85 on Friday. The firm has a 50-day moving average price of C$1.72 and a two-hundred day moving average price of C$1.82. Petrus Resources has a 12-month low of C$1.43 and a 12-month high of C$2.30. The company has a market capitalization of C$274.70 million, a P/E ratio of -92.50 and a beta of 0.26. The company has a quick ratio of 0.48, a current ratio of 0.45 and a debt-to-equity ratio of 20.95.

Petrus Resources (TSE:PRQ) last issued its quarterly 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 for the quarter. Petrus Resources had a negative return on equity of 0.66% and a negative net margin of 1.99%. Analysts anticipate that Petrus Resources will post 0.2131148 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Haywood Securities set a C$2.40 price target on shares of Petrus Resources and gave the stock a “buy” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Petrus Resources currently 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.