Petrus Resources (TSE:PRQ) Director Purchases C$53,475.24 in Stock

Petrus Resources Ltd. (TSE:PRQ) Director Donald Gordon Cormack bought 29,382 shares of Petrus Resources stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average cost of C$1.82 per share, for a total transaction of C$53,475.24. Following the purchase, the director owned 30,002 shares in the company, valued at C$54,603.64. This represents a 4,739.03% increase in their position.

Donald Gordon Cormack also recently made the following trade(s):

• On Monday, June 22nd, Donald Gordon Cormack sold 24,000 shares of Petrus Resources stock. The shares were sold at an average price of C$1.66, for a total value of C$39,840.00.

Petrus Resources Stock Performance

Petrus Resources stock opened at C$1.85 on Monday. The company has a debt-to-equity ratio of 20.95, a quick ratio of 0.48 and a current ratio of 0.45. The stock has a fifty day moving average of C$1.72 and a two-hundred day moving average of C$1.82. The company has a market capitalization of C$274.70 million, a price-to-earnings ratio of -92.50 and a beta of 0.26. Petrus Resources Ltd. has a fifty-two week low of C$1.43 and a fifty-two week high of C$2.30.

Petrus Resources (TSE:PRQ) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$32.63 million for the quarter. Petrus Resources had a negative return on equity of 0.66% and a negative net margin of 1.99%. On average, analysts anticipate that Petrus Resources Ltd. will post 0.2131148 EPS for the current fiscal year.

Petrus Resources Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 28th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 6.5%. Petrus Resources’s dividend payout ratio is presently -600.00%.

Analysts Set New Price Targets

Separately, Haywood Securities set a C$2.40 price target on Petrus Resources and gave the stock a “buy” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$2.40.

About Petrus Resources

Petrus Resources Ltd is a company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company’s core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.