Petrus Resources (TSE:PRQ) had its price target lowered by Royal Bank of Canada from C$2.25 to C$1.50 in a report published on Friday. Royal Bank of Canada currently has an outperform rating on the stock.
Several other equities research analysts also recently weighed in on PRQ. Cormark cut their price target on Petrus Resources from C$3.25 to C$2.50 in a research report on Friday. National Bank Financial reaffirmed an outperform rating and set a C$1.50 price target on shares of Petrus Resources in a research report on Friday. CIBC increased their price target on Petrus Resources from C$1.50 to C$1.75 in a research report on Friday, May 18th. Finally, Raymond James increased their price target on Petrus Resources to C$2.00 and gave the stock an outperform rating in a research report on Tuesday, May 8th.
Shares of PRQ opened at C$0.85 on Friday. Petrus Resources has a fifty-two week low of C$0.75 and a fifty-two week high of C$2.78.
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.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
Receive News & Ratings for Petrus Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrus Resources and related companies with MarketBeat.com's FREE daily email newsletter.