Petrus Resources (TSE:PRQ) Downgraded by Stifel Canada

Petrus Resources (TSE:PRQ) was downgraded by investment analysts at Stifel Canada from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

Separately, Stifel Nicolaus downgraded Petrus Resources from a “buy” rating to a “hold” rating and decreased their target price for the company from C$1.75 to C$1.50 in a research report on Tuesday.

Petrus Resources Stock Performance

TSE PRQ opened at C$1.30 on Monday. The company has a market cap of C$161.03 million, a PE ratio of 4.81 and a beta of 3.21. The stock’s 50 day simple moving average is C$1.33 and its 200-day simple moving average is C$1.32. Petrus Resources has a 1-year low of C$1.11 and a 1-year high of C$1.81. The company has a debt-to-equity ratio of 15.78, a current ratio of 0.50 and a quick ratio of 0.48.

Petrus Resources (TSE:PRQ) last released its earnings results on Tuesday, March 26th. The company reported C$0.32 earnings per share for the quarter, beating the consensus estimate of C$0.02 by C$0.30. The business had revenue of C$26.75 million for the quarter. Petrus Resources had a return on equity of 17.44% and a net margin of 40.86%. As a group, equities research analysts anticipate that Petrus Resources will post 0.079403 EPS for the current fiscal year.

About Petrus Resources

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.