CIBC Keeps a Hold Rating on Petrus Resources (PRQ)


A Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. CIBC’s analyst Scott Reid reiterates their Hold rating on the shares of Petrus Resources (PRQ), with a C$0.85 price target.

According to TipRanks.com, Reid is ranked #4716 out of 5259 analysts.

Currently, the analyst consensus on Petrus Resources is a Moderate Buy with an average price target of C$1.03.

The company has a one-year high of C$1.61 and a one-year low of C$0.42. Currently, Petrus Resources has an average volume of 57.95K.

Petrus Resources Ltd. operates as an energy company, which engages in exploitation, strategic acquisitions and risk-managed exploration. It operates in the following areas: Ferrier, Central Alberta, and the central Rocky Mountain foothills. The company was founded on December 13, 2010 and is headquartered in Calgary, Canada.

The company’s shares closed on Thursday at C$0.43, close to its 52-week low of C$0.42.