Stifel Canada lowered shares of Petrus Resources (TSE:PRQ – Free Report) from a buy rating to a hold rating in a report released on Monday morning, Zacks.com reports.
Separately, Stifel Nicolaus downgraded Petrus Resources from a buy rating to a hold rating and dropped their price objective for the company from C$1.75 to C$1.50 in a research note on Tuesday.
Get Our Latest Stock Report on Petrus Resources
Petrus Resources Stock Performance
Petrus Resources (TSE:PRQ – Get Free Report) last released 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. The company had revenue of C$26.75 million during the quarter. Petrus Resources had a return on equity of 17.44% and a net margin of 40.86%. Equities analysts forecast that Petrus Resources will post 0.079403 earnings per share for the current fiscal year.
Petrus Resources Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.12 dividend on an annualized basis and a yield of 9.23%. Petrus Resources’s dividend payout ratio is presently 44.44%.
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.
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