Petrus Resources Ltd. (TSE:PRQ) Director Sells C$26,040.00 in Stock

Petrus Resources Ltd. (TSE:PRQ) Director Kenneth Graham Gray sold 18,600 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of C$1.40, for a total value of C$26,040.00.

Kenneth Graham Gray also recently made the following trade(s):

• On Wednesday, July 3rd, Kenneth Graham Gray sold 5,800 shares of Petrus Resources stock. The stock was sold at an average price of C$1.40, for a total transaction of C$8,120.00.
• On Wednesday, June 26th, Kenneth Graham Gray sold 1,300 shares of Petrus Resources stock. The shares were sold at an average price of C$1.40, for a total transaction of C$1,820.00.
• On Monday, June 24th, Kenneth Graham Gray sold 2,600 shares of Petrus Resources stock. The stock was sold at an average price of C$1.40, for a total transaction of C$3,640.00.
• On Friday, June 7th, Kenneth Graham Gray sold 9,900 shares of Petrus Resources stock. The stock was sold at an average price of C$1.32, for a total transaction of C$13,068.00.
• On Friday, May 10th, Kenneth Graham Gray sold 10,000 shares of Petrus Resources stock. The shares were sold at an average price of C$1.38, for a total value of C$13,800.00.

Petrus Resources Price Performance

Shares of TSE:PRQ opened at C$1.35 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.34 and a debt-to-equity ratio of 19.32. The stock has a market cap of C$167.68 million, a PE ratio of 6.14 and a beta of 3.18. The company’s fifty day moving average is C$1.36 and its 200 day moving average is C$1.33. Petrus Resources Ltd. has a 52 week low of C$1.11 and a 52 week high of C$1.69.

Petrus Resources (TSE:PRQ) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.04) EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.07). Petrus Resources had a return on equity of 9.51% and a net margin of 29.10%. The company had revenue of C$28.04 million during the quarter. Research analysts anticipate that Petrus Resources Ltd. will post 0.2056632 earnings per share for the current year.

Petrus Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date is Wednesday, July 17th. Petrus Resources’s dividend payout ratio (DPR) is presently 54.55%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stifel Canada lowered Petrus Resources from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Stifel Nicolaus lowered Petrus Resources from a “buy” rating to a “hold” rating and cut their target price for the stock from C$1.75 to C$1.50 in a research note on Tuesday, April 23rd.

Petrus Resources Company Profile

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.