Cormark Comments on Petrus Resources Ltd’s FY2017 Earnings (PRQ)
Petrus Resources Ltd (TSE:PRQ) – Equities research analysts at Cormark reduced their FY2017 earnings per share (EPS) estimates for shares of Petrus Resources in a report issued on Thursday. Cormark analyst G. Ursu now anticipates that the company will post earnings of $0.07 per share for the year, down from their previous estimate of $0.14. Cormark also issued estimates for Petrus Resources’ Q4 2017 earnings at ($0.01) EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at ($0.01) EPS and Q4 2018 earnings at $0.00 EPS.
Several other research firms have also commented on PRQ. Raymond James Financial, Inc. raised their price target on shares of Petrus Resources from C$3.00 to C$3.50 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada raised their price target on shares of Petrus Resources from C$3.25 to C$3.50 and gave the company an “outperform” rating in a report on Thursday. Finally, National Bank Financial assumed coverage on shares of Petrus Resources in a report on Wednesday, June 14th. They issued an “outperform” rating and a C$3.00 price target on the stock.
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Shares of Petrus Resources (PRQ) opened at 2.70 on Friday. The company’s 50-day moving average is $2.58 and its 200 day moving average is $2.58. The stock’s market capitalization is $133.45 million. Petrus Resources has a 52 week low of $1.75 and a 52 week high of $3.43.
In other news, Director Don Gray acquired 199,200 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were bought at an average price of C$2.49 per share, for a total transaction of C$496,008.00. Insiders have bought 741,600 shares of company stock worth $1,717,884 in the last quarter.
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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