Petrus Resources (TSE:PRQ – Get Free Report) was downgraded by equities researchers at Stifel Canada from a “buy” rating to a “hold” rating in a report issued on Monday, Zacks.com reports.
Separately, Stifel Nicolaus cut shares of Petrus Resources from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$1.75 to C$1.50 in a research report on Tuesday.
Read Our Latest Report on Petrus Resources
Petrus Resources Price Performance
Petrus Resources (TSE:PRQ – Get Free Report) last issued its quarterly earnings results on Tuesday, March 26th. The company reported C$0.32 EPS for the quarter, topping the consensus estimate 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 firm had revenue of C$26.75 million for the quarter. As a group, sell-side analysts anticipate that Petrus Resources will post 0.079403 EPS for the current fiscal year.
About Petrus Resources
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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