Petrus Resources (TSE:PRQ – Get Free Report) was downgraded by analysts at Stifel Canada from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.
Separately, Stifel Nicolaus downgraded Petrus Resources from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$1.75 to C$1.50 in a research note on Tuesday.
Read Our Latest Stock Report on PRQ
Petrus Resources Price Performance
Petrus Resources (TSE:PRQ – Get Free Report) last posted its earnings results on Tuesday, March 26th. The company reported C$0.32 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.30. Petrus Resources had a return on equity of 17.44% and a net margin of 40.86%. The company had revenue of C$26.75 million for the quarter. As a group, equities research analysts forecast that Petrus Resources will post 0.079403 earnings per share for the current 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.
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