Petrus Resources (TSE:PRQ) Director Donald Gordon Cormack Sells 24,000 Shares of Stock

Petrus Resources Ltd. (TSE:PRQ) Director Donald Gordon Cormack sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of C$1.66, for a total transaction of C$39,840.00. Following the transaction, the director directly owned 620 shares in the company, valued at C$1,029.20. The trade was a 97.48% decrease in their ownership of the stock.

Petrus Resources Stock Down 1.8%

Petrus Resources stock opened at C$1.65 on Tuesday. The firm has a market cap of C$243.12 million, a PE ratio of 23.25 and a beta of 0.29. The company has a debt-to-equity ratio of 25.22, a quick ratio of 0.48 and a current ratio of 0.23. The firm’s 50 day moving average price is C$1.83 and its two-hundred day moving average price is C$1.86. Petrus Resources Ltd. has a twelve month low of C$1.32 and a twelve month high of C$2.30.

Petrus Resources (TSE:PRQ) last issued its earnings results on Wednesday, May 6th. The company reported C($0.10) earnings per share (EPS) for the quarter. Petrus Resources had a negative net margin of 0.95% and a negative return on equity of 0.27%. The company had revenue of C$25.28 million for the quarter. On average, research analysts predict that Petrus Resources Ltd. will post 0.2131148 EPS for the current fiscal year.

Petrus Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.01 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Tuesday, June 16th.

Wall Street Analysts Forecast Growth

Separately, Haywood Securities set a C$2.40 target price on Petrus Resources and gave the company a “buy” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$2.40.

About Petrus Resources

Petrus Resources Ltd is a company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company’s core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.