Cormark Weighs in on Petrus Resources Ltd’s Q4 2017 Earnings (PRQ)
Petrus Resources Ltd (TSE:PRQ) – Research analysts at Cormark lowered their Q4 2017 earnings estimates for shares of Petrus Resources in a report released on Friday. Cormark analyst G. Ursu now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their previous forecast of $0.05. Cormark also issued estimates for Petrus Resources’ Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.02 EPS, FY2018 earnings at $0.08 EPS and FY2019 earnings at $0.23 EPS.
TRADEMARK VIOLATION NOTICE: “Cormark Weighs in on Petrus Resources Ltd’s Q4 2017 Earnings (PRQ)” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/14/cormark-weighs-in-on-petrus-resources-ltds-q4-2017-earnings-prq.html.
A number of other brokerages have also commented on PRQ. Raymond James Financial, Inc. restated an “outperform” rating and set a C$3.50 price target on shares of Petrus Resources in a research note on Thursday, May 25th. National Bank Financial initiated coverage on shares of Petrus Resources in a research note on Wednesday, June 14th. They set an “outperform” rating and a C$3.00 price target for the company.
Shares of Petrus Resources (TSE PRQ) opened at 2.27 on Monday. The company’s market cap is $112.20 million. Petrus Resources has a 12 month low of $1.71 and a 12 month high of $3.43. The stock’s 50 day moving average is $2.22 and its 200 day moving average is $2.37.
In other Petrus Resources news, insider Brett Daniel Booth purchased 25,600 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was acquired at an average price of C$2.25 per share, for a total transaction of C$57,600.00. Also, Director Don Gray purchased 11,300 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were acquired at an average price of C$2.30 per share, with a total value of C$25,990.00. Insiders have acquired a total of 564,300 shares of company stock valued at $1,265,552 in the last 90 days.
About Petrus Resources
Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas properties in western Canada. It primarily operates in the areas of Ferrier, Central Alberta, and the Rocky Mountain foothills, Alberta. The company was formerly known as Petrus Acquisition Corp.
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.