Raymond James Trims Petrus Resources (TSE:PRQ) Target Price to C$0.75

Petrus Resources (TSE:PRQ) had its price objective lowered by Raymond James from C$1.00 to C$0.75 in a report released on Thursday morning, BayStreet.CA reports.

A number of other analysts have also commented on PRQ. National Bank Financial decreased their price objective on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research note on Tuesday, June 25th. GMP Securities reaffirmed a buy rating and set a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Finally, CIBC increased their price objective on WSP Global from C$77.00 to C$81.00 in a research note on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of C$1.02.

PRQ opened at C$0.34 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 97.57. The firm has a market capitalization of $16.82 million and a price-to-earnings ratio of -1.62. Petrus Resources has a 52 week low of C$0.21 and a 52 week high of C$1.28. The firm’s fifty day moving average is 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 company had revenue of C$20.23 million during the quarter. On average, research analysts forecast that Petrus Resources will post -0.32 earnings per share for the current fiscal 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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