Petrus Resources (TSE:PRQ) Director Donald Gordon Cormack Sells 24,000 Shares

Petrus Resources Ltd. (TSE:PRQ) Director Donald Gordon Cormack sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of C$1.66, for a total transaction of C$39,840.00. Following the transaction, the director directly owned 620 shares in the company, valued at approximately C$1,029.20. The trade was a 97.48% decrease in their position.

Petrus Resources Stock Down 0.6%

TSE PRQ traded down C$0.01 during trading on Monday, reaching C$1.67. The company’s stock had a trading volume of 63,541 shares, compared to its average volume of 103,312. 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 capitalization of C$246.07 million, a PE ratio of 23.25 and a beta of 0.29. Petrus Resources Ltd. has a 1-year low of C$1.32 and a 1-year high of C$2.30. The business has a 50-day moving average price of C$1.83 and a 200-day moving average price of C$1.86.

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

Petrus Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.01 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Tuesday, June 16th.

Analyst Upgrades and Downgrades

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