Petrus Resources (TSE:PRQ) Stock Crosses Below 50 Day Moving Average of $1.34

Petrus Resources Ltd. (TSE:PRQ)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.34 and traded as low as C$1.33. Petrus Resources shares last traded at C$1.38, with a volume of 148,965 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PRQ shares. Stifel Nicolaus cut Petrus Resources from a “buy” rating to a “hold” rating and cut their target price for the stock from C$1.75 to C$1.50 in a report on Tuesday, April 23rd. Stifel Canada cut shares of Petrus Resources from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd.

Petrus Resources Price Performance

The stock has a market cap of C$171.49 million, a PE ratio of 3.45 and a beta of 3.20. The company has a debt-to-equity ratio of 15.78, a current ratio of 0.50 and a quick ratio of 0.48. The firm’s 50 day moving average price is C$1.34 and its two-hundred day moving average price is C$1.31.

Petrus Resources (TSE:PRQ) last issued its earnings results on Tuesday, March 26th. The company reported C$0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.30. Petrus Resources had a net margin of 46.82% and a return on equity of 17.44%. The business had revenue of C$26.75 million for the quarter. On average, research analysts expect that Petrus Resources Ltd. will post 0.0700051 earnings per share for the current year.

Petrus Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 31st will be paid a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a yield of 8.70%. The ex-dividend date is Tuesday, May 14th. Petrus Resources’s dividend payout ratio is 30.00%.

Petrus Resources Company Profile

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.