Petrus Resources (TSE:PRQ) Stock Price Passes Above Fifty Day Moving Average of $2.06

Petrus Resources Ltd. (TSE:PRQGet Rating)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2.06 and traded as high as C$2.15. Petrus Resources shares last traded at C$2.06, with a volume of 115,019 shares trading hands.

Separately, Stifel Nicolaus upgraded shares of Petrus Resources to a “buy” rating and set a C$2.15 target price on the stock in a report on Friday, January 28th.

The company has a market capitalization of C$250.70 million and a PE ratio of 1.17. The company has a debt-to-equity ratio of 34.79, a quick ratio of 0.20 and a current ratio of 0.20. The stock’s fifty day simple moving average is C$2.06 and its 200-day simple moving average is C$1.43.

Petrus Resources (TSE:PRQGet Rating) last released its earnings results on Thursday, March 3rd. The company reported C$0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.08. The firm had revenue of C$25.07 million during the quarter. On average, equities analysts anticipate that Petrus Resources Ltd. will post -0.01 EPS for the current year.

Petrus Resources Company Profile (TSE:PRQ)

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. The company focuses on risk-managed exploration. It primarily explores for natural gas, natural gas liquids, and crude oil and condensate.

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