Donald Gordon Cormack Sells 24,000 Shares of Petrus Resources (TSE:PRQ) Stock

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

Petrus Resources Stock Performance

Shares of TSE PRQ opened at C$1.65 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.23 and a debt-to-equity ratio of 25.22. The firm’s 50-day moving average price is C$1.82 and its two-hundred day moving average price is C$1.86. The stock has a market capitalization of C$243.12 million, a P/E ratio of 23.25 and a beta of 0.29. Petrus Resources Ltd. has a 52-week low of C$1.32 and a 52-week high of C$2.30.

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 company 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%. As a group, sell-side analysts forecast that Petrus Resources Ltd. will post 0.2131148 earnings per share for the current year.

Petrus Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.01 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend 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 note on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Petrus Resources has a consensus rating of “Buy” and a consensus price target of C$2.40.

Petrus Resources Company Profile

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.