Kenneth Graham Gray Sells 18,600 Shares of Petrus Resources Ltd. (TSE:PRQ) Stock

Petrus Resources Ltd. (TSE:PRQ) Director Kenneth Graham Gray sold 18,600 shares of Petrus Resources stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of C$1.40, for a total transaction of C$26,040.00.

Kenneth Graham Gray also recently made the following trade(s):

• On Wednesday, July 3rd, Kenneth Graham Gray sold 5,800 shares of Petrus Resources stock. The stock was sold at an average price of C$1.40, for a total transaction of C$8,120.00.
• On Wednesday, June 26th, Kenneth Graham Gray sold 1,300 shares of Petrus Resources stock. The shares were sold at an average price of C$1.40, for a total value of C$1,820.00.
• On Monday, June 24th, Kenneth Graham Gray sold 2,600 shares of Petrus Resources stock. The shares were sold at an average price of C$1.40, for a total value of C$3,640.00.
• On Friday, June 7th, Kenneth Graham Gray sold 9,900 shares of Petrus Resources stock. The stock was sold at an average price of C$1.32, for a total value of C$13,068.00.
• On Friday, May 10th, Kenneth Graham Gray sold 10,000 shares of Petrus Resources stock. The shares were sold at an average price of C$1.38, for a total value of C$13,800.00.

Petrus Resources Trading Down 0.7 %

TSE PRQ opened at C$1.38 on Friday. The firm has a market cap of C$171.41 million, a PE ratio of 6.27 and a beta of 3.18. Petrus Resources Ltd. has a 1-year low of C$1.11 and a 1-year high of C$1.77. The stock has a 50-day moving average of C$1.36 and a 200-day moving average of C$1.33. The company has a current ratio of 0.34, a quick ratio of 0.48 and a debt-to-equity ratio of 19.32.

Petrus Resources (TSE:PRQ) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C($0.04) earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.07). The company had revenue of C$28.04 million during the quarter. Petrus Resources had a net margin of 29.10% and a return on equity of 9.51%. As a group, sell-side analysts forecast that Petrus Resources Ltd. will post 0.2056632 EPS for the current year.

Petrus Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $0.12 dividend on an annualized basis and a yield of 8.70%. Petrus Resources’s dividend payout ratio is currently 54.55%.

Analysts Set New Price Targets

Several research firms have commented on PRQ. Stifel Nicolaus downgraded shares of Petrus Resources from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$1.75 to C$1.50 in a research note on Tuesday, April 23rd. Stifel Canada cut shares of Petrus Resources from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd.

Petrus Resources Company Profile

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.