Petrus Resources (TSE:PRQ) Given New C$0.50 Price Target at Raymond James

Petrus Resources (TSE:PRQ) had its target price decreased by Raymond James from C$0.75 to C$0.50 in a research report released on Thursday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

Several other equities analysts have also issued reports on the company. GMP Securities lowered Petrus Resources from a buy rating to a speculative buy rating and decreased their price target for the company from C$0.80 to C$0.70 in a research note on Friday, June 28th. National Bank Financial decreased their price target on Petrus Resources from C$0.80 to C$0.55 and set an outperform rating on the stock in a research note on Tuesday, June 25th. Finally, CIBC decreased their price target on Petrus Resources from C$0.75 to C$0.50 in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of C$0.92.

Petrus Resources stock traded up C$0.02 during mid-day trading on Thursday, reaching C$0.25. 5,200 shares of the company were exchanged, compared to its average volume of 36,633. The firm’s fifty day simple moving average is C$0.28. Petrus Resources has a 12 month low of C$0.21 and a 12 month 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. The company has a market cap of $11.63 million and a price-to-earnings ratio of -1.19.

Petrus Resources (TSE:PRQ) last posted its quarterly earnings data on Monday, May 6th. The company reported C($0.26) EPS for the quarter. The business had revenue of C$20.23 million during the quarter. As a group, research analysts expect that Petrus Resources will post -0.32 EPS for the current year.

Petrus Resources Company Profile

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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