Petrus Resources (TSE:PRQ) Share Price Crosses Below Fifty Day Moving Average of $1.34

Shares of Petrus Resources Ltd. (TSE:PRQ) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.34 and traded as low as C$1.33. Petrus Resources shares last traded at C$1.38, with a volume of 148,965 shares changing hands.

Analysts Set New Price Targets

PRQ has been the topic of a number of recent research reports. Stifel Nicolaus downgraded shares of Petrus Resources from a “buy” rating to a “hold” rating and decreased their price target for the company from C$1.75 to C$1.50 in a research note on Tuesday, April 23rd. Stifel Canada cut shares of Petrus Resources from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd.

Petrus Resources Price Performance

The firm has a market capitalization of C$171.49 million, a P/E ratio of 3.45 and a beta of 3.20. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 15.78. The firm has a 50 day moving average price of C$1.34 and a 200-day moving average price of C$1.31.

Petrus Resources (TSE:PRQ) last posted its quarterly earnings data on Tuesday, March 26th. The company reported C$0.32 EPS for the quarter, topping the consensus estimate of C$0.02 by C$0.30. Petrus Resources had a net margin of 46.82% and a return on equity of 17.44%. The company had revenue of C$26.75 million during the quarter. On average, analysts expect that Petrus Resources Ltd. will post 0.0700051 earnings per share for the current year.

Petrus Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 31st will be given a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend is Tuesday, May 14th. Petrus Resources’s dividend payout ratio (DPR) is currently 30.00%.

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.