Petrus Resources (TSE:PRQ) Issues Earnings Results

Petrus Resources (TSE:PRQ) issued its quarterly earnings results on Thursday. The company reported C$0.06 earnings per share (EPS) for the quarter, FiscalAI reports. Petrus Resources had a negative net margin of 0.95% and a negative return on equity of 0.27%. The company had revenue of C$32.63 million during the quarter.

Petrus Resources Stock Up 2.3%

Shares of Petrus Resources stock traded up C$0.04 during trading hours on Thursday, hitting C$1.76. The company had a trading volume of 49,015 shares, compared to its average volume of 92,272. The company’s 50-day moving average is C$1.71 and its two-hundred day moving average is C$1.82. Petrus Resources has a twelve month low of C$1.43 and a twelve month high of C$2.30. The company has a debt-to-equity ratio of 25.22, a current ratio of 0.23 and a quick ratio of 0.48. The company has a market cap of C$261.33 million, a P/E ratio of 23.25 and a beta of 0.26.

Petrus Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were given a dividend of $0.01 per share. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Wednesday, July 15th.

Insider Activity at Petrus Resources

In related news, Director Donald Gordon Cormack sold 24,000 shares of Petrus Resources stock in a transaction on 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 in the company, valued at C$1,029.20. This trade represents a 97.48% decrease in their position. Over the last quarter, insiders have acquired 37,500 shares of company stock valued at $61,396. Company insiders own 75.21% of the company’s stock.

Analyst Ratings Changes

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