Petrus Resources (TSE:PRQ) was downgraded by equities research analysts at GMP Securities from a “buy” rating to a “speculative buy” rating in a report issued on Friday, June 28th, BayStreet.CA reports. They presently have a C$0.70 price target on the stock, down from their prior price target of C$0.80. GMP Securities’ price objective suggests a potential upside of 145.61% from the stock’s previous close.
A number of other research firms have also weighed in on PRQ. National Bank Financial dropped their price objective on shares of 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. Raymond James dropped their price target on shares of Adaptimmune Therapeutics from $16.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Finally, CIBC raised their price target on shares of WSP Global from C$77.00 to C$81.00 in a research report on Friday, March 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Petrus Resources currently has an average rating of “Buy” and a consensus price target of C$1.00.
Shares of Petrus Resources stock traded down C$0.02 during trading hours on Friday, reaching C$0.29. The company’s stock had a trading volume of 103,800 shares, compared to its average volume of 38,093. Petrus Resources has a one year low of C$0.21 and a one year high of C$1.28. The stock has a market cap of $14.10 million and a P/E ratio of -1.36. The business has a fifty day simple moving average of C$0.30. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 97.57.
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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