Insider Buying: Petrus Resources (TSE:PRQ) Director Buys 10,000 Shares of Stock

Petrus Resources Ltd. (TSE:PRQ) Director Kenneth Graham Gray purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was bought at an average price of C$1.60 per share, for a total transaction of C$16,000.00. Following the purchase, the director directly owned 3,243,952 shares in the company, valued at C$5,190,323.20. The trade was a 0.31% increase in their ownership of the stock.

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

• On Monday, June 22nd, Kenneth Graham Gray bought 10,000 shares of Petrus Resources stock. The stock was bought at an average cost of C$1.63 per share, for a total transaction of C$16,300.00.

Petrus Resources Stock Up 1.9%

Shares of TSE:PRQ traded up C$0.03 on Tuesday, hitting C$1.65. 39,572 shares of the company traded hands, compared to its average volume of 101,468. Petrus Resources Ltd. has a 52 week low of C$1.32 and a 52 week high of C$2.30. The company has a quick ratio of 0.48, a current ratio of 0.23 and a debt-to-equity ratio of 25.22. The stock has a 50 day simple moving average of C$1.79 and a 200-day simple moving average of C$1.85. The company has a market cap of C$243.12 million, a PE ratio of 23.25 and a beta of 0.29.

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

Petrus Resources Dividend Announcement

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

Analyst Upgrades and Downgrades

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