Petrus Resources (TSE:PRQ) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Petrus Resources Ltd. (TSE:PRQ) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.91 and traded as low as C$1.73. Petrus Resources shares last traded at C$1.75, with a volume of 76,442 shares trading hands.

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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$2.40.

Petrus Resources Trading Up 1.2%

The company’s 50 day moving average price is C$1.91 and its 200 day moving average price is C$1.87. The company has a debt-to-equity ratio of 25.22, a current ratio of 0.23 and a quick ratio of 0.48. The firm has a market cap of C$257.86 million, a PE ratio of 23.25 and a beta of 0.44.

Petrus Resources (TSE:PRQ) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C($0.10) EPS 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, analysts forecast that Petrus Resources Ltd. will post 0.2131148 EPS for the current fiscal year.

Petrus Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 6.9%.

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.