Petrus Resources (TSE:PRQ) Shares Cross Above 50-Day Moving Average of $1.35

Petrus Resources Ltd. (TSE:PRQ) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.35 and traded as high as C$1.45. Petrus Resources shares last traded at C$1.42, with a volume of 23,200 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stifel Canada cut Petrus Resources from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Stifel Nicolaus downgraded 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.

Petrus Resources Price Performance

The firm has a market capitalization of C$176.46 million, a P/E ratio of 3.55 and a beta of 3.20. The business has a 50-day moving average of C$1.35 and a 200 day moving average of C$1.32. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 15.78.

Petrus Resources (TSE:PRQ) last issued its quarterly earnings data on Tuesday, March 26th. The company reported C$0.32 EPS for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.30. The firm 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 46.82%. On average, sell-side analysts predict that Petrus Resources Ltd. will post 0.0700051 earnings per share for the current fiscal year.

Petrus Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be issued a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date of this dividend is Tuesday, May 14th. Petrus Resources’s dividend payout ratio is currently 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.