Petrus Resources (TSE:PRQ) Share Price Crosses Below Fifty Day Moving Average of $1.35

Petrus Resources Ltd. (TSE:PRQGet Free Report)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.35 and traded as low as C$1.33. Petrus Resources shares last traded at C$1.35, with a volume of 10,500 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus downgraded Petrus Resources from a “buy” rating to a “hold” rating and dropped their price target for the company from C$1.75 to C$1.50 in a research note on Tuesday, April 23rd. Stifel Canada downgraded Petrus Resources from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd.

Read Our Latest Stock Analysis on PRQ

Petrus Resources Stock Up 1.5 %

The company has a quick ratio of 0.48, a current ratio of 0.34 and a debt-to-equity ratio of 19.32. The stock has a market cap of C$167.68 million, a PE ratio of 6.14 and a beta of 3.18. The business has a 50 day moving average price of C$1.35 and a 200 day moving average price of C$1.32.

Petrus Resources (TSE:PRQGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported C($0.04) EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). Petrus Resources had a return on equity of 9.51% and a net margin of 29.10%. The company had revenue of C$28.04 million during the quarter. Equities research analysts expect that Petrus Resources Ltd. will post 0.2056632 EPS for the current fiscal year.

Petrus Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.89%. Petrus Resources’s payout ratio is 54.55%.

About Petrus Resources

(Get Free Report)

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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