Insider Buying: Petrus Resources (TSE:PRQ) Director Acquires C$16,300.00 in Stock

Petrus Resources Ltd. (TSE:PRQ) Director Kenneth Graham Gray purchased 10,000 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were purchased at an average price of C$1.63 per share, with a total value of C$16,300.00. Following the completion of the purchase, the director directly owned 3,213,952 shares of the company’s stock, valued at C$5,238,741.76. The trade was a 0.31% increase in their ownership of the stock.

Petrus Resources Trading Down 1.8%

Shares of Petrus Resources stock traded down C$0.03 during trading hours on Wednesday, reaching C$1.62. The stock had a trading volume of 41,878 shares, compared to its average volume of 102,269. The firm has a market capitalization of C$238.70 million, a price-to-earnings ratio of 23.25 and a beta of 0.29. Petrus Resources Ltd. has a 1 year low of C$1.32 and a 1 year high of C$2.30. The company has a current ratio of 0.23, a quick ratio of 0.48 and a debt-to-equity ratio of 25.22. The firm has a 50 day simple moving average of C$1.82 and a two-hundred day simple moving average of C$1.86.

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. The firm had revenue of C$25.28 million for the quarter. Petrus Resources had a negative return on equity of 0.27% and a negative net margin of 0.95%. As a group, equities research analysts anticipate that Petrus Resources Ltd. will post 0.2131148 earnings per share for the current year.

Petrus Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.01 per share. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Tuesday, June 16th.

Analyst Ratings Changes

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