Petrus Resources (TSE:PRQ) Stock Passes Above 50-Day Moving Average – Time to Sell?

Petrus Resources Ltd. (TSE:PRQ)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.74 and traded as high as C$1.82. Petrus Resources shares last traded at C$1.77, with a volume of 20,247 shares trading hands.

Wall Street Analysts Forecast Growth

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

Petrus Resources Trading Down 1.1%

The company has a quick ratio of 0.48, a current ratio of 0.45 and a debt-to-equity ratio of 20.95. The firm has a 50 day moving average price of C$1.74 and a 200 day moving average price of C$1.81. The stock has a market capitalization of C$267.99 million, a PE ratio of -89.50 and a beta of 0.26.

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

Petrus Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 28th were issued a dividend of $0.01 per share. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Monday, August 17th. Petrus Resources’s payout ratio is currently -600.00%.

Insider Activity

In other news, Director Donald Gordon Cormack bought 29,382 shares of the stock in a transaction dated Friday, August 14th. The stock was bought at an average price of C$1.82 per share, for a total transaction of C$53,475.24. Following the completion of the acquisition, the director directly owned 30,002 shares in the company, valued at approximately C$54,603.64. This trade represents a 4,739.03% increase in their position. In the last three months, insiders have acquired 66,882 shares of company stock valued at $114,871. Corporate insiders own 75.21% of the company’s stock.

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.