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

Petrus Resources Ltd. (TSE:PRQ) Director Kenneth Graham Gray bought 10,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were purchased at an average price of C$1.60 per share, with a total value of C$16,000.00. Following the acquisition, the director directly owned 3,243,952 shares in the company, valued at approximately C$5,190,323.20. This trade represents a 0.31% increase in their position.

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

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

Petrus Resources Stock Performance

Shares of PRQ stock opened at C$1.65 on Thursday. The stock has a market cap of C$243.12 million, a price-to-earnings ratio of 23.25 and a beta of 0.29. 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 Ltd. has a fifty-two week low of C$1.32 and a fifty-two week high of C$2.30. The firm’s 50 day moving average price is C$1.79 and its two-hundred day moving average price is C$1.85.

Petrus Resources (TSE:PRQ) last released its quarterly earnings data 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 business had revenue of C$25.28 million during the quarter. On average, analysts anticipate that Petrus Resources Ltd. will post 0.2131148 EPS for the current year.

Petrus Resources Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.01 dividend. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date was Tuesday, June 16th.

Wall Street Analysts Forecast Growth

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