Petrus Resources (TSE:PRQ) Stock Rating Lowered by Stifel Nicolaus

Petrus Resources (TSE:PRQ) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have a C$1.50 price target on the stock, down from their prior price target of C$1.75. Stifel Nicolaus’ target price suggests a potential upside of 12.78% from the company’s current price.

Petrus Resources Trading Up 2.3 %

Shares of Petrus Resources stock opened at C$1.33 on Tuesday. Petrus Resources has a 1 year low of C$1.11 and a 1 year high of C$1.81. The firm has a market cap of C$164.75 million, a PE ratio of 4.93 and a beta of 3.21. 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 company has a 50 day simple moving average of C$1.33 and a two-hundred day simple moving average of C$1.32.

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

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.