Petrus Resources Ltd (TSE:PRQ) had its price objective cut by investment analysts at National Bank Financial from C$3.25 to C$3.00 in a research note issued on Tuesday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 27.12% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada increased their price target on shares of Petrus Resources from C$3.25 to C$3.50 and gave the stock an “outperform” rating in a research report on Thursday, October 5th. Raymond James Financial, Inc. increased their price target on shares of Petrus Resources from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a research report on Thursday, October 5th.

Shares of Petrus Resources (TSE PRQ) traded down C$0.12 on Tuesday, hitting C$2.36. 17,700 shares of the stock were exchanged, compared to its average volume of 27,487. Petrus Resources has a 1-year low of C$1.82 and a 1-year high of C$3.43.

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In related news, Director Don Gray purchased 16,300 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average cost of C$2.30 per share, with a total value of C$37,490.00. Insiders have acquired 383,500 shares of company stock worth $914,039 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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