Petrus Resources (PRQ) Given New C$0.85 Price Target at CIBC

Petrus Resources (TSE:PRQ) had its price objective trimmed by CIBC from C$1.00 to C$0.85 in a report published on Friday.

Several other research firms also recently commented on PRQ. Raymond James restated an outperform rating and issued a C$1.25 price target on shares of Petrus Resources in a research note on Tuesday, January 8th. Royal Bank of Canada reduced their price objective on shares of Petrus Resources from C$1.50 to C$1.00 in a research note on Tuesday, January 8th. Finally, National Bank Financial reduced their price objective on shares of Petrus Resources from C$1.40 to C$1.15 and set an outperform rating on the stock in a research note on Monday, December 10th.

Shares of PRQ stock traded up C$0.01 on Friday, hitting C$0.44. The company’s stock had a trading volume of 85,400 shares, compared to its average volume of 58,655. The company has a debt-to-equity ratio of 88.97, a quick ratio of 0.64 and a current ratio of 0.95. Petrus Resources has a fifty-two week low of C$0.42 and a fifty-two week high of C$1.61. The company has a market capitalization of $21.52 million and a PE ratio of -6.21.

About Petrus Resources

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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