Cormark Weighs in on Petrus Resources Ltd’s Q2 2017 Earnings (PRQ)
Petrus Resources Ltd (TSE:PRQ) – Investment analysts at Cormark reduced their Q2 2017 EPS estimates for shares of Petrus Resources in a note issued to investors on Monday. Cormark analyst G. Ursu now expects that the company will post earnings of ($0.02) per share for the quarter, down from their previous estimate of $0.01. Cormark also issued estimates for Petrus Resources’ Q3 2017 earnings at ($0.02) EPS, Q4 2017 earnings at $0.05 EPS, Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.03 EPS and FY2018 earnings at $0.10 EPS.
A number of other brokerages also recently commented on PRQ. Pi Financial lifted their price objective on Petrus Resources from C$3.50 to C$4.25 in a research report on Wednesday, January 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a C$3.50 price objective on shares of Petrus Resources in a research report on Wednesday, January 25th.
Petrus Resources (TSE:PRQ) opened at 2.40 on Wednesday. The company’s market capitalization is $108.84 million. The firm’s 50-day moving average is $2.39 and its 200-day moving average is $2.58. Petrus Resources has a 12 month low of $1.71 and a 12 month high of $3.43.
In other Petrus Resources news, Director Don Gray bought 132,700 shares of Petrus Resources stock in a transaction on Monday, April 3rd. The shares were bought at an average price of C$2.49 per share, for a total transaction of C$330,423.00. Also, insider Cheree Stephenson bought 22,017 shares of Petrus Resources stock in a transaction on Friday, March 10th. The stock was acquired at an average price of C$2.41 per share, for a total transaction of C$53,060.97. In the last quarter, insiders have purchased 182,717 shares of company stock worth $456,276.
About Petrus Resources
Petrus Resources Ltd. is an oil and gas company. The Company focuses on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company has production and growth opportunities in approximately three areas within the province of Alberta, including Ferrier, Central Alberta and the central Rocky Mountain foothills region.
Receive News & Ratings for Petrus Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrus Resources Ltd and related companies with MarketBeat.com's FREE daily email newsletter.