Petrus Resources Ltd (TSE:PRQ) had its price target increased by stock analysts at Raymond James Financial, Inc. from C$3.00 to C$3.50 in a report released on Thursday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price target would suggest a potential upside of 29.63% from the company’s previous close.

A number of other research analysts have also issued reports on PRQ. Royal Bank Of Canada lifted their target price on Petrus Resources from C$3.25 to C$3.50 and gave the company an “outperform” rating in a report on Thursday. National Bank Financial assumed coverage on Petrus Resources in a report on Wednesday, June 14th. They issued an “outperform” rating and a C$3.00 target price for the company.

Shares of Petrus Resources (PRQ) remained flat at $2.70 on Thursday. 38,300 shares of the stock were exchanged. The company’s market cap is $133.45 million. The firm’s 50 day moving average price is $2.57 and its 200 day moving average price is $2.57. Petrus Resources has a 12-month low of $1.75 and a 12-month high of $3.43.

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In other Petrus Resources news, Director Don Gray purchased 188,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of C$2.24 per share, with a total value of C$421,120.00. Insiders have acquired a total of 741,600 shares of company stock valued at $1,717,884 over the last ninety days.

Petrus Resources Company Profile

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.

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