Petrus Resources (TSE:PRQ) Director Sells 24,000 Shares

Petrus Resources Ltd. (TSE:PRQ) Director Donald Gordon Cormack sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of C$1.66, for a total value of C$39,840.00. Following the completion of the transaction, the director directly owned 620 shares of the company’s stock, valued at approximately C$1,029.20. This trade represents a 97.48% decrease in their position.

Petrus Resources Stock Performance

Shares of PRQ stock traded down C$0.01 during mid-day trading on Monday, reaching C$1.67. The stock had a trading volume of 63,541 shares, compared to its average volume of 103,312. Petrus Resources Ltd. has a one year low of C$1.32 and a one year high of C$2.30. The firm has a market cap of C$246.07 million, a PE ratio of 23.25 and a beta of 0.29. The firm’s 50 day simple moving average is C$1.83 and its 200 day simple moving average is C$1.86. The company has a quick ratio of 0.48, a current ratio of 0.23 and a debt-to-equity ratio of 25.22.

Petrus Resources (TSE:PRQ) last released its quarterly earnings data on Wednesday, May 6th. The company reported C($0.10) earnings per share (EPS) for the quarter. The firm had revenue of C$25.28 million for the quarter. Petrus Resources had a negative net margin of 0.95% and a negative return on equity of 0.27%. On average, analysts forecast that Petrus Resources Ltd. will post 0.2131148 EPS for the current year.

Petrus Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be given a dividend of $0.01 per share. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Tuesday, June 16th.

Analyst Ratings Changes

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