Petrus Resources (PRQ) Receives Neutral Rating from CIBC

Petrus Resources (TSE:PRQ)‘s stock had its “neutral” rating reissued by equities researchers at CIBC in a research report issued to clients and investors on Wednesday. They currently have a C$1.50 target price on the stock. CIBC’s price target suggests a potential upside of 29.31% from the stock’s current price.

A number of other brokerages have also recently issued reports on PRQ. National Bank Financial decreased their price objective on shares of Petrus Resources from C$3.25 to C$3.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 14th. Royal Bank of Canada decreased their target price on shares of Petrus Resources from C$3.25 to C$2.75 and set an “outperform” rating on the stock in a research note on Monday, December 18th. Finally, Raymond James Financial raised shares of Petrus Resources from a “market perform” rating to an “outperform” rating and set a C$2.00 target price on the stock in a research note on Friday, March 9th.

Petrus Resources (PRQ) opened at C$1.16 on Wednesday. The stock has a market cap of $57.34 and a P/E ratio of -0.53. Petrus Resources has a one year low of C$1.04 and a one year high of C$2.82.

In related news, Director Don Gray bought 100,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were purchased at an average price of C$1.55 per share, with a total value of C$155,000.00.

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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.

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