Petrus Resources (TSE:PRQ) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Petrus Resources Ltd. (TSE:PRQGet Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.87 and traded as low as C$1.74. Petrus Resources shares last traded at C$1.74, with a volume of 94,861 shares trading hands.

Analyst Ratings Changes

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

Get Our Latest Report on PRQ

Petrus Resources Stock Up 0.6%

The company’s 50 day moving average price is C$1.92 and its two-hundred day moving average price is C$1.87. 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 market cap of C$257.86 million, a PE ratio of 23.25 and a beta of 0.44.

Petrus Resources (TSE:PRQGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C($0.10) EPS for the quarter. Petrus Resources had a negative return on equity of 0.27% and a negative net margin of 0.95%.The company had revenue of C$25.28 million during the quarter. On average, equities research analysts expect that Petrus Resources Ltd. will post 0.2131148 EPS for the current fiscal year.

Petrus Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 29th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

Petrus Resources Company Profile

(Get Free Report)

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.

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