Petrus Resources (TSE:PRQ) Lowered to Hold at Stifel Nicolaus

Petrus Resources (TSE:PRQ) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Tuesday, BayStreet.CA reports. They presently have a C$1.50 price objective on the stock, down from their prior price objective of C$1.75. Stifel Nicolaus’ price target points to a potential upside of 15.38% from the company’s previous close.

Petrus Resources Price Performance

TSE PRQ traded up C$0.01 on Tuesday, hitting C$1.30. 77,511 shares of the company’s stock were exchanged, compared to its average volume of 53,364. The stock has a 50-day moving average of C$1.33 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 has a 52 week low of C$1.11 and a 52 week high of C$1.81. The stock has a market cap of C$161.03 million, a price-to-earnings ratio of 4.78 and a beta of 3.21.

Petrus Resources (TSE:PRQ) last released its earnings results on Tuesday, March 26th. The company reported C$0.32 earnings per share for the quarter, topping the consensus estimate of C$0.02 by C$0.30. Petrus Resources had a return on equity of 17.44% and a net margin of 40.86%. The firm had revenue of C$26.75 million during the quarter. Analysts expect that Petrus Resources will post 0.079403 earnings per share for the current year.

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.