Stifel Canada lowered shares of Petrus Resources (TSE:PRQ – Free Report) from a buy rating to a hold rating in a report issued on Monday, Zacks.com reports.
Separately, Stifel Nicolaus downgraded shares of Petrus Resources from a buy rating to a hold rating and dropped their price objective for the company from C$1.75 to C$1.50 in a report on Tuesday.
Read Our Latest Analysis on PRQ
Petrus Resources Trading Up 0.8 %
Petrus Resources (TSE:PRQ – Get Free Report) last issued its quarterly earnings results on Tuesday, March 26th. The company reported C$0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.30. Petrus Resources had a net margin of 40.86% and a return on equity of 17.44%. The business had revenue of C$26.75 million for the quarter. Analysts predict that Petrus Resources will post 0.079403 EPS for the current year.
Petrus Resources Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th will be issued a $0.01 dividend. This represents a $0.12 annualized dividend and a dividend yield of 9.23%. The ex-dividend date of this dividend is Friday, April 12th. Petrus Resources’s dividend payout ratio (DPR) is currently 44.44%.
Petrus Resources Company Profile
Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.
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