Petrus Resources (PRQ) Price Target Lowered to C$1.50 at Royal Bank of Canada

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.

In related news, Director Don Gray purchased 120,500 shares of the business’s stock in a transaction on Friday, August 10th. The shares were bought at an average cost of C$0.83 per share, with a total value of C$100,015.00.

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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