Petrus Resources (PRQ) Price Target Cut to C$0.85 by Analysts at National Bank Financial

Petrus Resources (TSE:PRQ) had its price objective cut by analysts at National Bank Financial from C$1.00 to C$0.85 in a report issued on Friday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 93.18% from the company’s current price.

A number of other brokerages have also weighed in on PRQ. Raymond James reissued an “outperform” rating and issued a C$1.25 price target on shares of Petrus Resources in a report on Tuesday, January 8th. CIBC lowered their price target on shares of Petrus Resources from C$1.15 to C$1.00 and set a “buy” rating for the company in a report on Tuesday, January 8th. Finally, Royal Bank of Canada lowered their price target on shares of Petrus Resources from C$1.50 to C$1.00 in a report on Tuesday, January 8th.

Shares of Petrus Resources stock traded up C$0.01 during midday trading on Friday, reaching C$0.44. The company had a trading volume of 29,000 shares, compared to its average volume of 57,487. The company has a debt-to-equity ratio of 102.91, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market cap of $21.03 million and a P/E ratio of -0.24. Petrus Resources has a 1-year low of C$0.42 and a 1-year high of C$1.61.

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. The company primarily explores for natural gas, natural gas liquids, and crude oil. It primarily holds an average 55% working interest in the Ferrier/Strachan area, which comprises 46,202 net acres of land located in west central Alberta.

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