Kenneth Graham Gray Purchases 10,000 Shares of Petrus Resources (TSE:PRQ) Stock

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

Petrus Resources Stock Performance

Shares of PRQ stock opened at C$1.65 on Friday. The stock has a market capitalization of C$243.12 million, a PE ratio of 23.25 and a beta of 0.29. Petrus Resources Ltd. has a 52-week low of C$1.32 and a 52-week high of C$2.30. The stock’s 50-day moving average price is C$1.80 and its 200 day moving average price is C$1.86. The company has a quick ratio of 0.48, a current ratio of 0.23 and a debt-to-equity ratio of 25.22.

Petrus Resources (TSE:PRQ) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C($0.10) earnings per share for the quarter. The company 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 forecast that Petrus Resources Ltd. will post 0.2131148 EPS for the current year.

Petrus Resources Announces Dividend

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.

Wall Street Analyst Weigh In

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

Petrus Resources Company Profile

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.