Key Points
- Director Kenneth Graham Gray bought 10,000 shares of Petrus Resources at C$1.60 each, spending C$16,000 in the June 29 transaction.
- Gray also made a similar purchase the week before, acquiring 10,000 shares on June 22 for C$16,300 at C$1.63 per share, signaling repeated insider buying.
- Petrus Resources recently paid a monthly dividend of C$0.01 per share, and the stock currently carries a consensus Buy rating with a C$2.40 price target.
Petrus Resources Ltd. (TSE:PRQ - Get Free Report) Director Kenneth Graham Gray purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, June 29th. The shares were purchased at an average price of C$1.60 per share, for a total transaction of C$16,000.00. Following the completion of the transaction, the director directly owned 3,243,952 shares of the company's stock, valued at C$5,190,323.20. This represents a 0.31% increase in their ownership of the stock.
Kenneth Graham Gray also recently made the following trade(s):
- On Monday, June 22nd, Kenneth Graham Gray acquired 10,000 shares of Petrus Resources stock. The stock was purchased at an average price of C$1.63 per share, with a total value of C$16,300.00.
Petrus Resources Price Performance
PRQ opened at C$1.65 on Wednesday. The company has a current ratio of 0.23, a quick ratio of 0.48 and a debt-to-equity ratio of 25.22. The company has a market cap of C$243.12 million, a price-to-earnings ratio of 23.25 and a beta of 0.29. The stock has a fifty day simple moving average of C$1.79 and a two-hundred day simple moving average of C$1.85. Petrus Resources Ltd. has a 12-month low of C$1.32 and a 12-month high of C$2.30.
Petrus Resources (TSE:PRQ - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C($0.10) EPS for the quarter. The business had revenue of C$25.28 million for the quarter. Petrus Resources had a negative net margin of 0.95% and a negative return on equity of 0.27%. Research analysts predict that Petrus Resources Ltd. will post 0.2131148 earnings per share for the current fiscal year.
Petrus Resources Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.01 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Tuesday, June 16th.
Analysts Set New Price Targets
Separately, Haywood Securities set a C$2.40 price objective on shares of Petrus Resources and gave the stock a "buy" rating in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$2.40.
Get Our Latest Research Report on PRQ
About Petrus Resources
(
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Petrus Resources Ltd is a company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company's core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.
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