Petrus Resources (PRQ) PT Lowered to C$1.00
Petrus Resources (TSE:PRQ) had its target price reduced by National Bank Financial from C$1.15 to C$1.00 in a research report sent to investors on Monday morning. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Petrus Resources’ FY2018 earnings at ($0.59) EPS and FY2019 earnings at ($0.13) EPS.
Several other equities research analysts have also commented on PRQ. CIBC dropped their price objective on shares of Petrus Resources from C$1.25 to C$1.15 in a research note on Friday, October 5th. Cormark dropped their target price on shares of Petrus Resources from C$2.50 to C$2.25 in a research note on Tuesday, October 9th. Finally, Raymond James dropped their target price on shares of Petrus Resources from C$1.50 to C$1.25 and set an outperform rating on the stock in a research note on Monday, November 12th.
Shares of PRQ opened at C$0.69 on Monday. The company has a debt-to-equity ratio of 102.91, a current ratio of 0.46 and a quick ratio of 0.46. Petrus Resources has a 1-year low of C$0.44 and a 1-year high of C$1.81.
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. The company primarily explores for natural gas, natural gas liquids, and crude oil. It primarily holds an average 55% working interest in the Ferrier/Strachan area, which comprises 46,202 net acres of land located in west central Alberta.
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