Petrus Resources (TSE:PRQ) PT Lowered to C$0.75 at CIBC

Petrus Resources (TSE:PRQ) had its target price lowered by CIBC from C$0.85 to C$0.75 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on the company. Raymond James reissued a hold rating on shares of PrairieSky Royalty in a research report on Thursday, July 11th. GMP Securities restated a buy rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Finally, National Bank Financial cut their price target on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a research note on Tuesday, June 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$1.00.

Shares of TSE:PRQ opened at C$0.29 on Thursday. The firm has a market capitalization of $14.10 million and a P/E ratio of -1.36. The company has a 50-day simple moving average of C$0.30. Petrus Resources has a 52-week low of C$0.21 and a 52-week high of C$1.28. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 97.57.

Petrus Resources (TSE:PRQ) last issued its quarterly earnings results on Monday, May 6th. The company reported C($0.26) earnings per share (EPS) for the quarter. The firm had revenue of C$20.23 million during the quarter. Research analysts predict that Petrus Resources will post -0.32 EPS for the current fiscal year.

About Petrus Resources

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. It primarily explores for natural gas, natural gas liquids, and crude oil. The company holds 55% working interest in Ferrier/Strachan Area, which include 31,767 net acres of undeveloped land and 13,216 net acres of developed land located in west central Alberta near the town of Rocky Mountain House, Alberta.

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Analyst Recommendations for Petrus Resources (TSE:PRQ)

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