Stifel Nicolaus Lowers Petrus Resources (TSE:PRQ) to Hold

Petrus Resources (TSE:PRQ) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Tuesday, BayStreet.CA reports. They presently have a C$1.50 price objective on the stock, down from their prior price objective of C$1.75. Stifel Nicolaus’ price objective suggests a potential upside of 12.78% from the stock’s previous close.

Petrus Resources Stock Up 2.3 %

TSE PRQ opened at C$1.33 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.48 and a debt-to-equity ratio of 15.78. The stock’s 50 day moving average is C$1.33 and its two-hundred day moving average is C$1.32. The company has a market capitalization of C$164.75 million, a price-to-earnings ratio of 4.93 and a beta of 3.21. Petrus Resources has a 1-year low of C$1.11 and a 1-year high of C$1.81.

Petrus Resources (TSE:PRQ) last released its quarterly earnings data on Tuesday, March 26th. The company reported C$0.32 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.30. The company had revenue of C$26.75 million for the quarter. Petrus Resources had a return on equity of 17.44% and a net margin of 40.86%. Equities analysts forecast that Petrus Resources will post 0.079403 earnings per share 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.