Petrus Resources (TSE:PRQ) Director Buys C$16,300.00 in Stock

Petrus Resources Ltd. (TSE:PRQ) Director Kenneth Graham Gray acquired 10,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of C$1.63 per share, with a total value of C$16,300.00. Following the completion of the transaction, the director owned 3,213,952 shares of the company’s stock, valued at approximately C$5,238,741.76. The trade was a 0.31% increase in their ownership of the stock.

Petrus Resources Stock Performance

Shares of TSE PRQ opened at C$1.68 on Friday. 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 company has a market capitalization of C$247.54 million, a P/E ratio of 23.25 and a beta of 0.29. Petrus Resources Ltd. has a 12 month low of C$1.32 and a 12 month high of C$2.30. The stock has a 50 day moving average of C$1.80 and a 200-day moving average of C$1.85.

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

Petrus Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 7.1%.

Analyst Ratings Changes

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