Petrus Resources (TSE:PRQ) Share Price Passes Above 50-Day Moving Average of $1.35

Petrus Resources Ltd. (TSE:PRQ)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.35 and traded as high as C$1.35. Petrus Resources shares last traded at C$1.35, with a volume of 25,278 shares.

Analyst Ratings Changes

PRQ has been the subject of a number of recent analyst reports. Stifel Canada downgraded Petrus Resources from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. Stifel Nicolaus cut shares of Petrus Resources from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$1.75 to C$1.50 in a research report on Tuesday, April 23rd.

Petrus Resources Trading Up 0.7 %

The business has a 50 day simple moving average of C$1.35 and a 200-day simple moving average of C$1.32. The stock has a market capitalization of C$167.68 million, a price-to-earnings ratio of 6.14 and a beta of 3.18. The company has a debt-to-equity ratio of 19.32, a current ratio of 0.34 and a quick ratio of 0.48.

Petrus Resources (TSE:PRQ) last posted its earnings results on Wednesday, May 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). Petrus Resources had a return on equity of 9.51% and a net margin of 29.10%. The business had revenue of C$28.04 million for the quarter. As a group, equities analysts expect that Petrus Resources Ltd. will post 0.2056632 earnings per share for the current year.

Petrus Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.89%. Petrus Resources’s payout ratio is 54.55%.

About Petrus Resources

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.