Petrus Resources (TSE:PRQ) PT Lowered to C$0.75 at CIBC

Petrus Resources (TSE:PRQ) had its target price lowered by CIBC from C$0.85 to C$0.75 in a report released on Thursday morning, BayStreet.CA reports.

Several other equities research analysts have also commented on PRQ. GMP Securities reiterated a buy rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Raymond James reissued a hold rating on shares of PrairieSky Royalty in a research report on Thursday, July 11th. Finally, National Bank Financial reduced their target price on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of C$1.00.

TSE:PRQ opened at C$0.29 on Thursday. The company has a debt-to-equity ratio of 97.57, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $14.10 million and a price-to-earnings ratio of -1.36. Petrus Resources has a 52 week low of C$0.21 and a 52 week high of C$1.28. The company has a 50-day moving average price of C$0.30.

Petrus Resources (TSE:PRQ) last posted its quarterly earnings data on Monday, May 6th. The company reported C($0.26) EPS for the quarter. The business had revenue of C$20.23 million for the quarter. Analysts expect that Petrus Resources will post -0.32 earnings per share for the current year.

Petrus Resources Company Profile

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. It primarily explores for natural gas, natural gas liquids, and crude oil. The company holds 55% working interest in Ferrier/Strachan Area, which include 31,767 net acres of undeveloped land and 13,216 net acres of developed land located in west central Alberta near the town of Rocky Mountain House, Alberta.

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Analyst Recommendations for Petrus Resources (TSE:PRQ)

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