Petrus Resources Ltd. Plans Monthly Dividend of $0.01 (TSE:PRQ)

Petrus Resources Ltd. (TSE:PRQ) declared a monthly dividend on Tuesday, July 2nd, Zacks reports. Stockholders of record on Wednesday, July 17th will be given a dividend of 0.01 per share on Wednesday, July 31st. This represents a $0.12 annualized dividend and a dividend yield of 8.89%. The ex-dividend date of this dividend is Wednesday, July 17th.

Petrus Resources Stock Performance

Shares of PRQ stock traded up C$0.01 on Thursday, hitting C$1.35. 4,250 shares of the stock traded hands, compared to its average volume of 56,928. Petrus Resources has a 1-year low of C$1.11 and a 1-year high of C$1.81. The company has a debt-to-equity ratio of 19.32, a current ratio of 0.34 and a quick ratio of 0.48. The company’s fifty day moving average is C$1.36 and its 200 day moving average is C$1.33. The company has a market capitalization of C$167.68 million, a PE ratio of 6.09 and a beta of 3.18.

Petrus Resources (TSE:PRQ) last released its quarterly earnings results on Wednesday, May 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.07). Petrus Resources had a return on equity of 9.51% and a net margin of 29.10%. The business had revenue of C$28.04 million during the quarter. On average, equities research analysts predict that Petrus Resources will post 0.2056632 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PRQ has been the subject of several research analyst reports. Stifel Canada downgraded Petrus Resources from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Stifel Nicolaus lowered Petrus Resources from a “buy” rating to a “hold” rating and lowered their target price for the company from C$1.75 to C$1.50 in a report on Tuesday, April 23rd.

Insider Buying and Selling at Petrus Resources

In other news, Director Don Gray bought 41,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was bought at an average price of C$1.32 per share, for a total transaction of C$54,384.00. In the last quarter, insiders sold 27,400 shares of company stock worth $37,368. 75.28% of the stock is currently owned by insiders.

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.