Insider Selling: Petrus Resources Ltd. (TSE:PRQ) Director Sells 18,600 Shares of Stock

Petrus Resources Ltd. (TSE:PRQ - Get Free Report) Director Kenneth Graham Gray sold 18,600 shares of the firm's stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of C$1.40, for a total transaction of C$26,040.00.

Kenneth Graham Gray also recently made the following trade(s):

• On Wednesday, June 26th, Kenneth Graham Gray sold 1,300 shares of Petrus Resources stock. The shares were sold at an average price of C$1.40, for a total transaction of C$1,820.00.
• On Monday, June 24th, Kenneth Graham Gray sold 2,600 shares of Petrus Resources stock. The stock was sold at an average price of C$1.40, for a total transaction of C$3,640.00.
• On Friday, June 7th, Kenneth Graham Gray sold 9,900 shares of Petrus Resources stock. The shares were sold at an average price of C$1.32, for a total transaction of C$13,068.00.
• On Friday, May 10th, Kenneth Graham Gray sold 10,000 shares of Petrus Resources stock. The stock was sold at an average price of C$1.38, for a total transaction of C$13,800.00.

Petrus Resources Trading Up 3.0 %

PRQ stock traded up C$0.04 during trading on Wednesday, hitting C$1.39. 147,890 shares of the company traded hands, compared to its average volume of 57,642. Petrus Resources Ltd. has a 1 year low of C$1.11 and a 1 year high of C$1.81. The company has a debt-to-equity ratio of 19.32, a quick ratio of 0.48 and a current ratio of 0.34. The company has a 50-day moving average of C$1.36 and a 200-day moving average of C$1.33. The firm has a market capitalization of C$172.65 million, a PE ratio of 6.32 and a beta of 3.18.

Petrus Resources (TSE:PRQ - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C($0.04) EPS for the quarter, missing analysts' consensus estimates of C$0.03 by C($0.07). Petrus Resources had a net margin of 29.10% and a return on equity of 9.51%. The business had revenue of C$28.04 million for the quarter. Analysts predict that Petrus Resources Ltd. will post 0.2056632 earnings per share for the current fiscal year.

Petrus Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 31st will be paid a dividend of $0.01 per share. This represents a $0.12 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend is Wednesday, July 17th. Petrus Resources's payout ratio is currently 54.55%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus cut Petrus Resources from a "buy" rating to a "hold" rating and lowered their price target for the company from C$1.75 to C$1.50 in a research note on Tuesday, April 23rd. Stifel Canada lowered Petrus Resources from a "buy" rating to a "hold" rating in a research note on Monday, April 22nd.

About Petrus Resources

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.